Comcast: “Business Is On Fire”

Comcast (CMCSA) shares moved higher yesterday after CEO Brian Roberts asserted that all is well at the cable giant. “It’s all clicking, our business is on fire,” Roberts said in an interview with Bloomberg.

Roberts says he is more confident in the company’s strategy now than he was on February 1, when the company revealed plans to ratchet up spending to compete with Verizon (VZ) and other telco rivals. Comcast shares had dropped about 10% since the February 1 announcement.

In a video version of the interview (accessible from the same page), Roberts indicated that within 2-3 years, half of the company’s customer units will not be cable TV, but instead will come from Internet access, telephony and other services. At that point, he says, “half of Comcast is no longer just a TV company.”

Adds Roberts: “I’ve never been more confident that the fundamentals of the core businesses are healthier and more robust.”

Comcast yesterday was up 88 cents at $27.59.

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