Michael Cavanagh

Comcast offers long-term value and multiple growth opportunities. Cavanagh says his greatest focus is connectivity—broadband and wireless—where competition has intensified but Comcast is well positioned for the endgame: it already delivers gig speeds across 65 million homes, has a capital-efficient roadmap to invest about $10 billion annually to upgrade to multi-gig symmetrical service, has best-in-class wireless through its MVNO, and can offer converged service. Management has also executed the biggest go-to-market change in its history, eliminating promo pricing in favor of simple tiers, included equipment, and multi-year price locks, which should reduce churn and create a more stable revenue base by 2027. On media, after the Versant spinoff, Comcast is focused on bringing Peacock to profitability alongside NBC broadcast and live events; Olympic, Super Bowl, and NBA All-Star ad inventory is already sold out.