Comcast Corp (CMCSA)

[Going_4_It]

Comcast recently instituted Data Usage fees with a threshold of 1 terabyte. Go over that limit and the you get docked $10 for each extra 50 gigabytes that is used.

Well, I'm well over the limit so I went to the local Comcast office yesterday to sign up for the Unlimited Data Plan for $50 a month.

When I entered the office there were 5 other people waiting. Four of them had there hidef cable set top boxes under their arm. I asked each of them what their situation was and they each said that they were discontinuing their Comcast subscription in its entirety.

I think I may be seeing an emerging trend here. Comcast may have just priced out of the market a certain segment of customers. Comcast has announced a 3.8% price increase across the country starting Jan 1, 2017. I wonder it that is the "trigger event".

If Comcast was thinking they would make more revenue from these price increases, I think they may have just made a strategic blunder and effectively "shot themselves in the foot".

They are a virtual monopoly where ever they do business. In 2010 and again in 2014 they won an award for bring THE MOST HATED COMPANY IN AMERICA. Looks like they are trying for the award yet again.

Comcast just hit a 52-week high today. So I am going to look into buying some PUT options.

Wish Me Luck!