NEW YORK (TheStreet) -- Comcast (CMCSA) remains a huge, well-positioned company, but investors may want to see more than just business as usual if the stock is to regain momentum after last month's termination of its planned merger with Time Warner Cable (TWC).
Possible catalysts include a new video offering along the lines of Dish Network's (DISH) SlingTV or Time Warner's (TWX) HBO NOW, or even another acquisition, albeit one with a much smaller price tag than Time Warner Cable's $45 billion one. Investors listening on Monday to Comcast's earnings conference call didn't hear about anything of the sort, although the company's revenue and profit beat expectations, sending shares rising.
CEO Brian Roberts did emphasize that Comcast's continuing rollout of its cloud-based X1 TV platform remains a high priority. By 1:50 p.m. EDT on Monday, Comcast's stock was priced at $58.83, a rise of .73% thus far for the day. But it remains to be seen if the company can sustain investor interest without a new major storyline.
"A good stock needs more than just an attractive valuation," media analyst Craig Moffett of MoffettNathanson Research said in an investor note on Monday.
Among Comcast's rivals, Time Warner Cable is the "belle of the M&A ball," Moffett said, due to a standing merger offer from Charter Communications (CHTR), while Cablevision (CVC) is a potential takeover target of its larger rivals. And Time Warner Cable and Cablevision have a story that can be communicated in only a few words, Moffett said. Yet that's not the case for Comcast.