Updated Enhanced Income Strategy For Comcast

By Mark Bern, CPA CFAWe've tried selling puts twice before on Comcast (CMCSA) and both times the contracts expired worthless, but we did collect the premiums on the puts we sold. But that is part of the strategy: earn cash returns of at least 8 percent per year (preferably 10-12%) until we get the stocks at discounts to the current market price. In this article I will start by reviewing the results of what we have done thus far with this excellent company's stock and then I will provide my most current recommendation based upon the closing quotes on Friday, April 27, 2012. Generally articles are published within 24 hours of submission so the recommendations in my articles should still be close to what is available in the market at the time of publication. I try to always use closing prices because that reduces the opportunity to "cherry pick"Complete Story »