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MxO |
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Here is a synopsis of why CMCSA and MXO have a Zacks Rank of 5 (Strong Sell) and should most likely be sold or avoided for the next one to three months. And rightly so, as yesterday's move not only signals that MXO is taking on more debt, but since these are convertible notes (meaning that they can eventually be exchanged for MXO shares), the company's stock value will be diluted as a result. MXO continues to underperform the broader market, as its relative-strength measure versus the SPX has declined since October 2003. |
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