Comcast Stock Repurchase Plan Underwhelms Buyback Expert
Posted on Friday, May 21, 2004 @ 02:08:15 EDT by Editorial Team
Buyback investing expert and editor of The Buyback Letter David Fried has conducted an analysis of the Comcast share repurchase plan.
New York, NY (PRWEB) May 21, 2004 -- At first glance, Comcast’s (CMCSA) $1 billion stock buyback makes the shares look compelling for investors. The No. 1 cable TV provider recently dropped its hostile $66 billion bid to buy Walt Disney Corp. (DIS). That move prompted a chorus of analysts to raise their opinion of Comcast, saying the firm would use the freed up cash to fund an aggressive stock buyback program.
But buyback investing expert and editor of The Buyback Letter David Fried has conducted an analysis of the Comcast share repurchase plan and is warning his subscribers to steer clear of Comcast’s stock. To find out why David Fried is taking a contrarians view of Comcast - and to find which telecom company David does believe now presents a profitable buyback opportunity - please see Forbes Newsletters exclusive story: http://www.forbes.com/newsletter/2004/05/19/cz_df_0519soapbox.html
About David Fried and The Buyback Letter
David Fried is the editor and publisher of The Buyback Letter and The Buyback Premium Portfolio the only investment advisories services devoted to finding investment opportunities among companies that repurchase their own stock. His asset management firm -- Fried Asset Management, Inc. -- offers separate investor advisory and money management services which use his proven Buyback Strategy principles. “The Buyback Letter” along with over 25 other top performing investment newsletters are available through Forbes Newsletters, at www.forbes.com/newsletters.
Contact Person: Lisa McErlane, Company Name: Forbes Newsletters, Email Address: lmcerlane@forbes.com, Website URL:http://www.forbes.com/newsletter/2004/05/19/cz_df_0519soapbox.html
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