2024-04-24 18:33:09 ET
Summary
- Comcast Corporation stock has delivered a robust return since my last BUY thesis in late 2022.
- The stock is now even stronger BUY in my view.
- Trading at 7x pretax earnings, it is a strong fit for Warren Buffett’s 10x EBT Rule.
Comcast stock: Still a buy despite recent rallies
I last wrote about Comcast Corporation ( CMCSA ) about a year and a half ago. In that article, I argued for a BUY thesis based on Warren Buffett's rule of 10x EBT (earnings before taxes). In particular, I argued that:
As a leading stock in the telecom sector, Comcast is trading at its secular bottom valuations. Under current conditions, it’s equivalent to a 10%+ equity bond with coupon growth built-in if you consider their perpetual growth and Buffett’s 10x Pretax Rule.
Read the full article on Seeking Alpha
For further details see:
Comcast Stock Fits The 10x EBT Rule Nicely (Rating Upgrade)