We recently published 10 Stocks on Jim Cramer’s Radar. Comcast Corporation is one of the stocks Jim Cramer recently discussed.
Cramer doesn’t frequently discuss Comcast Corporation, the media, telecommunications, and entertainment giant that is also CNBC’s parent. Previously, he has commented on the firm’s forward price-to-earnings ratio. This time, he discussed CNBC’s spinoff and other strategies:
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“Well it’s going to, I mean look, I am a friend of Comcast. I am a friend of Brian Roberts. Mr. Cavanagh, and it’s Philadelphia’s own, I was against the plan to spin us off. I was very vocal about that. I know stocks, I don’t know cable. I know stocks, I don’t know fixed wireless. The stock was at $43.20 when they announced the deal and now it’s at $27. And I rest my case.”
“[on what the strategy was regarding broadband threatened by fixed wireless and whether a structure to get WBD to say yes and beat Paramount and Netflix would be enough to reinvigorate the entertainment and streaming franchise] I think it would be. I think that you’ve got to do two things. You’ve got to become a theme park company and you’ve got to become somebody that makes productions, whether it be for Apple Plus, whether it be for Netflix, and this other business is all that Wall Street judges it by. And it’s very painful to watch and again I am a very substantial shareholder of Comcast.”
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This article is originally published at Insider Monkey.
