Cable Stock Surge Nearly 40% During First Nine Months of 2012
Cable stocks experienced their biggest growth spurt in two years in the first nine months of 2012, rising nearly 40%, fueled by strong fundamentals and a renewed optimism in the cable model.
The four publicly traded MSOs — Comcast, Charter Communications, Cablevision Systems and Time Warner Cable — rode a wave of investor optimism virtually unseen since 2010, when the sector rose 39% for the full year.