What do you expect to hear?
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@a5 LMAO! Or “irrational pricing”
My prediction for the earnings call, we probably won’t hear much we don’t already know. We’ll hear about “transformation” Peacock, movies, parks, wireless growth and whatever metrics look best. On broadband, I expect the same argument: competitors are being irrational on pricing, Comcast won’t chase them down, and eventually the market will normalize. In other words, wait it out rather than fundamentally change the pricing strategy.
The problem is investors already know all of this. Unless they can show that broadband is actually stabilizing and the remaining Comcast can return to sustainable growth, another transformation narrative isn’t a new thesis. They could put up perfectly respectable earnings and the stock could still fall because the question isn’t whether Comcast can hit a quarter, it’s whether the core business has a credible growth story.
Leadership talking about their 3 favorite movies.
“We lost 600,000 subs, but we like the hand we’ve got.” Stock down 8%.
A bunch of bullsh-t and then our stock to go down even more.