Published on 26 Dec 2020 on Insider Monkey via Yahoo Finance
Time to Let Go of Long Positions in Comcast Corp (CMCSA)?
Cooper Investors, an investment management firm, published its ‘Cooper Investors Global Equities Fund (Hedged)’ fourth-quarter 2020 Investor Letter – a copy of which can be downloaded here. A return of 9.96% was recorded by the fund for the Q4 of 2020, below its MSCI ACWI benchmark that returned 12.24%. You can view the fund’s top 10 holdings to have a peek at their top bets for 2021.
Cooper Investors, in their Q4 2020 Investor Letter said that they sold their position in Comcast Corporation (NASDAQ: CMCSA) because of the uncertainties they saw in the company. Comcast Corporation is a telecommunications conglomerate that currently has a $237.5 billion market cap. For the past 3 months, CMCSA delivered a decent 21.20% return and settled at $48.42 per share at the closing of January 27th.
Here is what Cooper Investors has to say about Comcast Corporation in their investor letter: