At a time when companies such as Comcast shouldn't be doing that well it appears that they are trying to make the company even more profitable. To gain their objective, Comcast intends to buy a 51% stake of Universal Studios Japan. Do you think this will positively impact their stock?
Comcast isn't terribly interesting to me as an investor. For me, the P/E is a bit high and the dividend yield isn't exciting. The company faces pressure from federal and state regulators, cord cutting millennials, and the likes of Netflix/Amazon/Apple producing unique content. I would think Comcast, as owner of NBC Universal, is dabbling in Universal Studios Japan to keep its studio program production options open. I just can't generate the enthusiasm to pull the triggerand join the bandwagon. But that's me.
