Dogfather
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1 edit | Profit and loss is public record
I'm anything but a Comcrap fan but damn, they're publicly traded and profit and loss is there for the world to see and they're giving tons of notice about future outlook. The fact that people don't do their research before buying a stock is their own fault, not Comcast's.
And their "big revisions" were changing their revenue growth estimate from 12% to 11%. Wow...how deceitful. Churn and bad debt are affecting other cable operators too and others like TW took their lumps as well. It's called a sluggish economy helped along by Verizon giving away HDTVs to everyone signing up for FiOS video.
But like all class actions, this will just cost Comcast (and their customers) a bunch of money, those suing will get some stupid coupons or soemthing and the greedy bloodsucking waste of skin lawyers get filthy rich. |
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NOCMan
Verizon Fios User
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| This is not a class action lawsuit. The investors involved invested millions and the statments that they claim were misleading were provided to the SEC and through comcast investor confrence calls.
The CEO and other high ranking officials have publicly stated over the last year that telcoTV will not impact them and they've made similar statements in earnings calls and such.
This is not a case of "These forward looking statements blablabla". It's a case of deception at the highest levels of the company to hide the truth while a few individuals attempt to profit and hope that what they're hiding does not come out and bite them in the butt. |
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Dogfather
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2 edits | »www.broadcastingcable.com/articl···257.html
quote:
Two class-action suits were slapped on Comcast this week accusing the company of issuing statements about performance that resulted in its stock being “artificially inflated†and “overvalued.â€
Comcast is taking more customers from telcos than telcos are taking customers from Comcast. Any downturn from Comcast is a reflection of a general downturn in the economy and all of the operators are seeing it.
This is just a few lawyers looking to class-action their way into riches at the expense of Comcast and its customers. |
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TKJunkMail
Enjoy the sun
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| reply to Dogfather
said by Dogfather  :I'm anything but a Comcrap fan but damn, they're publicly traded and profit and loss is there for the world to see and they're giving tons of notice about future outlook. The fact that people don't do their research before buying a stock is their own fault, not Comcast's. And their "big revisions" were changing their revenue growth estimate from 12% to 11%. Wow...how deceitful. Churn and bad debt are affecting other cable operators too and others like TW took their lumps as well. It's called a sluggish economy helped along by Verizon giving away HDTVs to everyone signing up for FiOS video. But like all class actions, this will just cost Comcast (and their customers) a bunch of money, those suing will get some stupid coupons or soemthing and the greedy bloodsucking waste of skin lawyers get filthy rich. Yes, the only ones that make money on these kinds of lawsuits are the sleazy law firms that file them.
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supergirl
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| Hate to say it but these are "institutional investors" not the average Joe. They will get their money just by filing eventually. Companies can't afford to piss off those investors that talk in circles Brian Roberts can't even get into. Institutional investors are huge and have old money and lots of influence, and the best of the best in lawyerworld. They'll have 100 grunts from Harvard figuring it out and a few showman to sell it to the jury.
I've seen people burn institutional investors and watched as their credit rates went up, banks wouldn't loan any more money, and country club's all the sudden say, "We don't think we like your sort." Comcast might be big but these rich people with lines to God could care less. Usually it is done without a lawsuit so Comcast pissed someone off real bad.
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Saving the world keeps me busy. However, I find Earth very primitive from my home planet of Krypton.
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