Did Comcast (CMCSA) just slide down the content stairs and land with a whimper? People were running for the exits over the last year. Look at this chart: last summer CMCSA was living that $35+ life, now it's hovering at $28.33 and basically got yeeted into the bargain bin. If a stock could get sympathy cards, CMCSA deserves some.

Here’s the hot take: this is classic oversold wormhole. Everyone hates cable, everyone hates old media, but CMCSA still prints cash and owns a metric ton of infrastructure. I’m not saying they’re going to be everyone’s favorite stock, but at these prices, the risk/reward starts to look almost not terrible. If they even manage a halfway decent Q2 with a streaming/broadband surprise, that’s a meme tier bounce back.

My target: I’ll call $33.50. Maybe not lambo money, but a ~5 buck move from here is spicy enough, and it’s still well under where they were before people collectively decided TV was cringe.

Yeah, risk is real: CMCSA could guide down if cord cutting gets even dumber or if the ad market stays dumpster fire status. Or some unexpected regulatory faceplant. The bear case is alive and lurking.

But I’m watching for the next earnings and anything on subscriber churn. All it takes is one solid quarter or some corporate move (spin off or a buyback flex) and suddenly cable isn’t dead, just resting. Not exactly diamond hands, but definitely not dead money at $28ish.