
Comcast's Blowup Cuts Cable

By Jim Cramer
About this article:
Is it EchoStar? Or is it foreclosures? Is it DirecTV or is it bills that are too high? Is it Verizon or is it house poor fears?
We will debate the Comcast blowup for a long time. Trying to figure out how a monopoly utility that we used to regard as a utility that could no more be shut off than Con Ed, has become a totally discretionary competitive item that needs to be sold and can't be pulled.
The implications either way show you the limits of this former wonder industry. For all of the years I have been in the business, investing in cable stocks worked. The companies always grew with consistent cash flow and that was enough. They were utilities that always talked about how dividends weren't tax-advantaged and instead focused on the broad expansion and cash flow growth.
They used their stocks to...

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