Trian’s investment in Comcast highlights stock underperformance but is unlikely to trigger major changes

  • Date: 25-Sep-2020
  • Source: CNBC
  • Sector:Economy
  • Country:GCC
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Trian’s investment in Comcast highlights stock underperformance but is unlikely to trigger major changes

Brian Roberts, chairman and chief executive officer of Comcast Corp.Patrick T. Fallon | Bloomberg | Getty ImagesInvestors like Trian's Nelson Peltz are used to calling the shots and agitating for change. So why would Peltz take a stake in Comcast, a controlled company with a decades-long history of strong management?The answer may be simple: to highlight an undervalued company. Peltz could conceivably be a winner simply by picking a cheap stock. Trian said earlier this week that it's held "constructive discussions" with management but hasn't officially asked for a particular change."The pendulum of investor confidence now under-appreciates Comcast's strategic intelligence and commitment to long term value creation," said Peter Supino, an analyst at Bernstein, in a note to clients. But, if Trian is just betting on investors to suddenly fall in love with