December 20, 2005
SpeculatingStocks.com Stock Pick: Mediacom Communications Corporation (MCCC)
Stock Price: $5.18 (long-term strong buy)
Mediacom Communications Corporation is a cable television company providing entertainment, information and telecommunications services to its subscribers through its cable systems. The company's products include analog and digital video services, advanced video services, such as video on demand, high-definition television and digital video recorders, and high-speed Internet access.
For the most recent quarter, the company added 103,000 new subscribers to its high-speed Internet access service. This led to a 27 percent increase in high-speed revenue. Overall, Mediacom reported revenue up 5 percent for the quarter to $275 million, and a small net loss of $2.7 million.
For the full year of 2005, the company now expects revenue of $1.1 billion. Right now, MCCC is trading at .55 times expected 2005 sales. A turn around in net income would thrust this stock upward. MCCC is near its 52-week low and at a great buying point.
SpeculatingStocks.com Target Price: We expect MCCC to reach $7.00 within the next 2 - 4 months.