Cablevision Has Upside Potential

Filed under: Stocks to Buy

Cablevision Systems Corporation (CVC), first discussed here on May 29, 2009 at a price of $19.03, posted sub-par first quarter earnings per share of 26 cents -- the First Call estimate was 33 cents -- and the shares were hit hard. Even so, the view from here argues now may be a good time to scoop-up some CVC shares at a discount.



Look for CVC to post 2-4% telecom revenue growth in 2010, with better than 200,000 new revenue generating units. Cablevision's iDigital cable unit (2.9 million subscribers) and Optimum high-speed broadband service (2.6 million subscribers) should add enough subscribers to keep institutional investors happy. Further, DVR market share growth still has considerable upside, particularly given the company's strong presence in a lucrative market (New York City area).

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Cablevision Has Upside Potential originally appeared on BloggingStocks on Mon, 17 May 2010 17:30:00 EST. Please see our terms for use of feeds.

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