It would be easy for an investor to decide it's a name to simply steer clear of. Comcast (NASDAQ: CMCSA) is well established as a cable television player -- now sold under the Xfinity name -- but conventional cable television is dying. Why bother, when there are other, real growth opportunities out there?
But Comcast isn't just cable anymore. In fact, cable TV is only a tiny part of what this telco giant does. Most of its business lines have been adversely impacted by the COVID-19 pandemic. But those businesses will be able to recover nicely once the pandemic is in the rearview mirror.
This diversity alone makes Comcast a compelling investment prospect. The fact that the company is starting to apply leverage in new ways makes it an outright buy.
Source Fool.com