CMCSA

Multi-state broadband expansion underway

Completing large-scale network builds in Michigan and expanding in Utah, Indiana, Ohio

Strategic content distribution partnerships

New multi-year agreement with A+E Global Media for premium content distribution

Fiber infrastructure positions for long-term growth

Broadband expansion creates recurring revenue from underserved markets

Stock has had tough five-year stretch

Long-term stock performance lags despite reasonable valuation

Growth outlook remains weak

Revenue growth challenged by cord-cutting and market saturation

Valuation cheap but for good reason

Low valuations reflect structural headwinds to traditional cable business