Comcast's Q1: Buy Thesis Still Holds

5/2/17

Comcast (NASDAQ:CMCSA) does it again. The company reported what I think was a great fiscal first quarter.

Here are some numbers to consider. Revenue increased just under 9%. Adjusted EBITDA went up over 10%. Adjusted earnings per share increased 26%. Cash from operations was roughly $5.6 billion this quarter versus $5.4 billion in the period one year ago. Customer relationships and product distribution were also good.

What we have here is basically a lesser version of Disney (NYSE:DIS), in a sense. I qualify the comparison because Disney is Disney; that media concern is in a class all by itself in terms of brand equity and consumer response.

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