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Sunday, July 15, 2007

Are You Watching Cable TV Stocks?

Many cable television stocks have been doing extremely well recently, both on a price per share basis and on an earnings basis. For example, Comcast (CMCSA), the largest cable company by market cap, and which also offers high-speed Internet, and phone services, is up over 30% during the last twelve months. The stock has a P/E of 30.5, a P/S of 3.22, and a PEG of 2.34. Revenues increased 32% for the quarter ending March 31, while earnings were up over 79%. They report their latest earnings on July 26.

Some of the other cable stocks with market caps over $1 billion include Time Warner Cable, Inc. (TWC) serves customers in high growth areas such as New York, North Carolina, South Carolina, Ohio, southern California, and Texas. The P/E is 19.6, a P/S of 2.95, and a PEG of 1.81.

Viacom, Inc. (VIA-B) offers cable television program services through MTV Networks, VH1, Country Music Television, Logo, Nickelodeon, Nick at Nite, COMEDY CENTRAL, Spike TV, TV Land, and BET. The P/E is 20, a P/S of 2.44, and a PEG of 1.33.

British Sky Broadcasting Group plc (BSY), a UK company that distributes television broadcast services to customers in the Great Britain and Ireland. The stock yields 1.8% and has been paying their dividends since 1995. The P/E is 24.9.

Liberty Global Inc. (LBTYA) provides cable television, video, voice, and Internet access services \ in Europe, Japan, and South America. The stock has a P/E of 59.8 and a P/S of 2.36.

Cablevision Systems Corp. (CVC) provides basic video, interactive digital video, high-speed data, voice over Internet protocol [VoIP], and residential telephone services. It also owns Madison Square Garden. The stock has a forward P/E of 49.6, a P/S of 1.8, and a PEG of 37.

Shaw Communications, Inc. (SJR), a Calgary Canada based company that pays a yield of 2.3% and has paid dividends since 1998. The P/E is 21 and a PEG of 0.92.

Discovery Holding Co. (DISCA) owns a 50% interest in Discovery Communications, Inc., which operates channels, and provides original and purchased television programming around the world. The forward P/E is 58.4 and the PEG is 2.09.

Charter Communications Inc. (CHTR) provides video programming, high-speed Internet access, broadband cable services, high definition TV services, and telephone services. The stock has had negative earnings and a P/S of 0.33.

Author does not currently own any of the above stocks.

By Fred Fuld for Stockerblog.com

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