Triple play -- phone, internet and cable -- subscriptions are soaring. The company has gotten as many as 50,000 subscriptions for phone alone in a week. And Comcast's product growth rate is up 30% over last year, the CEO says, and that costs money.
As for competition from Verizon, Roberts quotes figures from the Philadelphia and Washington, D.C. areas over the last two months: Comcast has gotten 25 times more phone customers than Verizon has gotten video. The company sold 5 million new products last year, working off a customer base of 24 million. Roberts expects 7 million sold next year.
And don't think the capital expenditures are going to take away from the company's share buyback plans. Comcast has bought almost 10% of the stock back over the past two and a half years and have authorization from the board of directors to buy a total of $7 billion worth.
Cramer's bullish. "How 'bout pulling the trigger on this?!" he says. "It's money in the bank!"
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