Currently, the market is concerned about competitive pressures facing CMCSA. However, CMCSA's core business is concentrated in broadband services, while 5G signals and Starlink inherently have natural physical upper limits on their coverage and capacity. In addition, the market has undervalued CMCSA's theme park segment, which has now become a cash cow and will continue to expand in the future. Meanwhile, its Peacock streaming service is approaching profitability. It is abnormal for a company with these characteristics to carry such a low valuation and offer a 15% free cash flow yield. And after Comcast's split, the company was divided into two parts: broadband and connectivity, as well as entertainment and media. Each part was valued separately, which holds great potential for value release.