Introduction
Despite the Brexit bloodbath, Comcast (NASDAQ:CMCSA) has largely rebounded from its late 2015 swoon. Capping off the good run for the company was the news that the FCC's proposal to force open the cable-box market to competition had stalled. A counter-proposal from the cable companies was enough to persuade one of the commissioners to swing her vote, shattering the bare majority Chairman Wheeler had built for prompt action before President Obama leaves office. Comcast is now back over $63 a share.
Investors should take that opportunity, and sell their Comcast stock. Comcast's cable box profits are still on the chopping block, since both proposals allow customers to replace boxes with far cheaper alternatives, and their loss will mean a substantial correction for the stock.
