As value investors, you and I know that the price we pay for a stock is important. I was reminded of that this weekend reading about Comcast Corp. (CMCSK/NASDAQ) in The New York Times.
I like the company's strategy of selling digital phone and high-speed internet services, and bundling them with its cable offerings. And I really like CEO Brian Roberts and his management team.
Of course, what I like most of all is that the stock has been a winner since being recommended here in November 2005 at $26.73 per share. The Class A Special stock I own closed Friday at $43.88.
All that said, as much as I like the company and its stock, I wouldn't buy it here. (In fact, regular readers know I sold 25% of my Comcast stake at $36.42 in September 2006.) That may be bad advice, but all I can do on this blog is tell you what I'm doing. The time to have bought Comcast was in 2005 when most passed on it because it was a mature cable operator. We could still see more upside -- and I'm holding my remaining stake. But you and I read blogs like Controlled Greed.com to find investments before they appear in the pages of The New York Times.
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