Comcast Corporation (CMCSA), Time Warner Cable Inc (TWC): Cable TV Is Still the Best Deal for Your Home and Your Portfolio

Besides Malone, there are several other very big names in the stock. Leon Black’s Apollo Management owns 17.7 million shares worth over $1.8 billion. This is followed by Mike Novogratz at Fortress Investment Group with a $520 million position. John Scully’s SPO Advisory owns 4.9 million shares, and Billionaire Steve Mandel’s Lone Pine Capital owns over 4.5 million shares.

The smallest of the bunch

Cablevision Systems Corporation (NYSE:CVC) is the one cable operator everyone talks about as a takeover target. Unfortunately, the founding Dolan family has no inclination to sell. Cablevision Systems Corporation (NYSE:CVC) would be a gem in any media company’s portfolio since its cable systems are in New York.

The company’s latest earnings report was a disappointment across the board. Revenue came in $300 million weaker than expected and the company posted a loss of $0.06 per share. Expectations are for revenue to pick up next quarter and for earnings to rebound.

Hedge funds are in the stock in a big way. Mario Gabelli is the largest shareholder among the group with his Gamco Investors and Gabelli Funds owning a combined 9.3% stake. Billionaire John Paulson is next with a 7.84% stake worth almost $250 million. Steve Cohen’s SAC Capital has just over 4 million shares in Cablevision Systems Corporation (NYSE:CVC).

Foolish assessment

My favorite stock among the group is Charter Communications, Inc. (NASDAQ:CHTR). John Malone is a man you want to invest with and he has a great track record for creating value in the cable industry. On the opposite spectrum is the Dolan family, who are known for not creating value. However, Cablevision Systems Corporation (NYSE:CVC) has cable systems in the number one market in the country, so you won’t lose money.

Billionaires are in Cablevision Systems Corporation (NYSE:CVC), so they’re waiting for something to happen like the rest of us. Comcast and Time Warner Cable have solid leadership positions in the industry. Look for them to continue to grow and make money for shareholders.

Mark Yagalla has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Mark is a member of The Motley Fool Blog Network — entries represent the personal opinion of the blogger and are not formally edited.

The article Cable TV Is Still the Best Deal for Your Home and Your Portfolio originally appeared on Fool.com is written by Mark Yagalla.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.