Turnaround for Cable Stocks in 2006.

Multichannel News, January, 2007 by Farrell, Mike

By Mike Farrell Sector Gains 40% As Investors' Fears Of Rivals Fade, VOIP Rolls On Cable stocks came into their own in 2006, with the share prices of publicly traded multiple-system operators gaining 40% during the year. That is the biggest single-year gain this decade and the first positive appreciation in cable stocks since 2003, when the sector rose about 18.2%.

Over the previous two years, investors' worries about the ability of operators to roll out voice services and the threat of competition in cable's base product -- video services -- from deep-pocketed telephone companies had hammered the sector. This year, investors instead found cable companies reporting better-than-expected performance in voice-over-Internet Protocol rollouts...

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