The assets of the company do not vanish instantly as the stock price drops.
The value of the company drops as the stock price drops, and the stock price drops as soon as it becomes obvious that customers are all cancelling their service.
Once we have 51% of the vote we can vote in a new consumer friendly board of directors to fire the current executives.
And as you're getting all the little people to buy this 51% over a three year period, large companies who would love to take over the areas served by Comcast are buying stock at the same bargain-basement rates you are. They can afford it. The people you want to buy stock are having to cancel service so they have enough money to buy stock. You'll never make 51%.
I can safely predict, if you cut the price of a share of Comcast today by 50% TW would be tendering a takeover offer before COB. They'd be fools not to, and you just don't have the money to compete with them.
It has the worst customer service and only maintains it function by being a monopoly.
So why hasn't another company come in and taken all the customers away from them? Because as much as you hate them and think their service is bad, too many other people just don't care. They get service, they pay their bill, they watch their programs. That points out that you are likely to get less than 0.1% of the customers to follow you in your cancel service/buy stock plan, which would turn a three year plan into a 3000 year plan.
1st question. You don't upgrade during the transition you upgrade after. Just the roughly 2 billion they paid in dividends could be put to use.
If they have no customers they have no dividends, and they have no cash flow to upgrade after the transition. Maybe you don't understand how the stock market works, but when you buy 51% of a company's stock the money doesn't go to the company, it goes to the people who owned the stock. Where do you get the money for all this upgraded hardware when nobody is paying for the service? You expect the stockholders to dump more money into the company when they've had to cancel their service to be able to afford what they've already bought?
2nd Tv is already dead is is all out IP bandwidth.
TV is hardly dead, and I have no idea what you mean by anything after that.
The last mile doesn't have to be fiber coax is just fine.
You don't have to buy out Comcast to get that. We've got that here. Fiber backbone, coax to the house. Nobody had to cancel service or buy stock.
Also I don't want them to magically maintain a company with no customers, I want the executives fired and the middle management fired and rebuild a customer centric customer own utility.
And your method of getting to the firing of the executives was for people to cancel their service and buy stock. Three years of no subs will definitely require some magic if the company doesn't go under in that time.
It not a pipe dream it a well worn business model.
Sure it is, but not by your means of getting there. You get there by getting the investors together and buying the working company. You don't try to drive the company into the ground, buy the remnants, and then claim success.
It would take a fortune to rebuild Comcast as a "customer owned utility" once you kill it off over a three year period. And now there's a question that needs another answer: how much stock must someone own before they can get service from their customer-owned utility? It sounds like getting service from this new company would be a very expensive proposition. Or you don't mean "customer owned", you mean "owned by people you think care enough to run things the way you want them to."
3rd Lessig Nader is a joke.
Those are the names you promoted as being the new bosses. I think it is a joke, too.
4th it doesn't have to go completely bankrupt, all we need is 51%.
And three years of no customers because they're all buying stock instead won't result in a bankruptcy. Sure. You'll never make it to 51% because TW will buy out Comcast just for the franchises long before your three year project is complete, and the faster you're able to buy stock as the price drops, the sooner the TW buyout will happen. If TW doesn't buy it all, smart stock fund managers will see fire-sale prices for a company they know will rebound eventually and they'll be buying the stock in large blocks. They won't share your concern for customer service, they'll be bottom-line guys looking for ROI. That may mean selling off the markets to some other large cable company and liquidating the original company, since by the time your three year plan is over, the only real assets will be the franchises.
But you'll never get everyone to drop service and buy stock, so it's a pipe dream anyway. It's also a failed thought experiment, so it's not even a nice pipe dream. A pipe-nightmare for the remaining customers -- those who haven't given up cable because they want the live and local services and are now paying exorbitant prices as the fixed costs are shared among fewer customers.