McCain stock: Income investors 'prefer' Comcast (CCW)

This post is part of a series in which TheStockAdvisors.com asked financial experts to name their top stock pick if McCain or if Obama wins the election.

"For his entire career, John McCain has been a friend of big communications companies; one income-oriented play on this industry that would benefit from a McCain vicotry is Comcast Corp 7% Preferred (NYSE: CCW)," says Roger Conrad, in The Utility Forecaster.

"John McCain has been an opponent of attempts to regulate how communications companies do business. With McCain as president, companies will enjoy less regulation over how they manage their networks.

"One good play on the industry now is Comcast Corp 7% Preferred, which at recent prices now yields nearly 9%.

"Dividends are backed by the company's strong free cash flow -- cash flow less capital spending -- which more than tripled in the second quarter of this year.

"Comcast has been battling the current Federal Communications Commission on how it manages broadband access, and more flexibility will mean greater profitability.

"The preferred shares have come off in the current financial crisis and present compelling value. Buy up to 22."

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