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You Are Here: Home > Articles > Contributors > Roger Conrad: If McCain wins ... call up Comcast

Roger Conrad: If McCain wins ... call up Comcast
Oct 14, 2008

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Steven Halpern

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"For his entire career, John McCain has been a friend of big communications companies," says Roger Conrad.

In The Utility Forecaster, the advisor explains, "One income-oriented play in this industry that would likely benefit from a McCain victory would be Comcast Corp 7% Preferred (NYSE: CCW)."


"John McCain has been an opponent of attempts to regulate how communications companies do business. As resident, companies will enjoy less regulation over how they manage their networks.

"One good play on the industry now is Comcast Corp 7% Preferred, which at recent prices now yields nearly 9%.

"Dividends are backed by the company's strong free cash flow - cash flow less capital spending - which more than tripled in the second quarter of this year.

"Comcast has been battling the current Federal Communications Commission on ow it manages broadband access, and more flexibility will mean greaterrofitability.

"The preferred shares have come off in the current financial risis and present compelling value. Buy up to 22."


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