Comcast
Comcast, when you take out excess depreciation, is trading at an earning return of about 10 percent. Even if everything goes to hell in a basket, the one thing we'll do is transact over the Internet. They and the phone companies have an incredibly valuable monopoly unless they screw it up. The one encouraging thing that hasn't appeared in cable company [share] prices is price wars among some companies seem to be moderating.
Microsoft
Microsoft, if you take out $20-30 billion in cash, is trading at about a 10 percent earnings return or so. It's a business that doesn't require any incremental capital and will grow at least as fast as global GDP.
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hotel tuerkei of 7:20AM February 15, 2010
Brian of NY 5:11PM November 08, 2008
Bud Labitan of IN 1:49PM November 07, 2008