Bloomberg Surveillance · Friday, July 17, 2026
David Katz, President and CIO of Matrix Asset Advisors, identifies Comcast (CMCSA) as a top buy, believing the company is undervalued at seven to eight times earnings. Despite recent subscriber declines, Katz expects the company to split into two entities within 12-18 months, both of which he believes will be worth more than the current combined value. He also notes a solid dividend while awaiting this split.
“Basically, the company has been under some very negative trends for the last few years in terms of subscribers. Management is doing everything that they can to try to maximize or enhance shareold of value. They're going to be splitting the company up in the next twelve to eighteen months. We think the two pieces are worth well above what the combined entity is worth. We think the stock is easily worth in the mid thirties. You're getting into twenty four. You get a very good dividend while you wait, and you have a very motivated and very competent management team. To enhance shareold of value, and the stock's at about seven and a half to eight times earning, so it's just dirt cheap right Link.”