How loud does a Peacock squawk? Comcast Corp. investors may want to cover their ears.
The cable giant is expected to generate more cash than a business knows what to do with, but don’t expect CEO Brian Roberts to spend all of it on stock buybacks, even though that would be shareholders’ first choice. At Comcast’s targeted debt level, “You could be buying back $20 billion a year of stock,” Craig Moffett, an analyst for MoffettNathanson LLC, tossed to executives on Thursday’s second-quarter earnings call. They ducked and suggested repurchases will stay near historical levels. So how will Comcast spend that money? It seems inevitable that Roberts will look to join the streaming-content wars — a costly competition for the kind of programming that made Netflix so popular.
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July 29, 2021 at 11:02PM
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For Comcast, Raising Peacocks Will Be an Expensive Hobby - Bloomberg
"expensive" - Google News
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