Comcast Corp. (1.1%) (CMCSA, Financial) (CMCSA - $55.40 - NYSE), is a broadband and television provider in the U.S., U.K., Italy, and Germany. CMCSA is also a leading media company through its ownership of NBCUniversal. Comcast's broadband business has performed well through the COVID-19 pandemic. The company also launched Peacock, a new streaming service (with ad-supported tiers), in July. The firm is a strong free cash flow generator, and its valuation is attractive at 9x 2021 projected EBITDA.
From Mario Gabelli (Trades, Portfolio)'s Gabelli Asset Fund fourth-quarter 2020 shareholder letter.
