Viacom (VIA/VIAb) reports before the open on Tuesday. Most investors are looking ahead to the split of the company that will occur at year end but this report could provide some insights on how the two new parts may perform right out of the chute as this is probably the last report as a combined […]
Charter Communications (CHTR) shares had a wild ride in the third quarter, falling to less than $1.00 in July, rising to $1.60 in August on the announcement of an exchange offer for company debt, and peaking at $1.80 in September on the announcement that the exchange offer was heavily oversubscribed. Since then, however, the shares […]
Lions Gate Entertainment (LGF) rose almost 4% on Monday, enjoying its best day since early September when it popped 10% in four days to $10.60 on the back of reports of insider buying by about a dozen top executives. Since then the shares have pulled back steadily, reaching a closing low of $8.36 last Thursday. […]
In my recent reading of Street research on traditional media companies I have noticed two trends. First, analysts are beginning to adjust their multiples downward in their sum of the parts valuation multiples, finally reflecting the actual trading multiples of media stocks in the current market environment. Analysts are really just catching up to the […]
Central European Media Enterprises (CETV) shares have pulled back 10% since early October and about 15% since peaking in September. I think the current pullback will prove temporary with the company’s early November earnings report providing a positive catalyst. 3Q results won’t be exciting due to seasonally weak TV viewing in the summer but I […]
Dow Jones (DJ) reported 3Q05 EPS of 12 cents, below consensus of 13 cents. The press release stated that 4Q05 EPS would be in the low to mid 30 cent range against current consensus of 47 cents. The press release went on to note that weekday ad lineage for the Wall Street Journal would be […]
Maybe it is the redundancy of listening to my fourth newspaper conference call this earnings season but I found little of interest in the New York Times (NYT) earnings release or conference call. The company slightly exceeded its sharply reduced guidance, reporting 21 cents before adjustments against guidance of 15-20 cents. Revenue, expense, and margin […]
Knight Ridder (KRI) reported results in line with reduced expectations following management’s lower guidance a month ago. Excluding unusual items EPS came in at 67 cents, down 18% from a year ago. Revenue was flat and shares outstanding were down about 10% so the problem in the quarter relative to its industry peers was on […]
Although I rarely make a trade intra-month in Northlake’s model driven ETF investments, last Wednesday morning I moved half of the small cap value exposure to large cap value. This resulted in a swap of the Russell 2000 Value ETF (IWN) into the Russell 1000 Value ETF (IWD)….
In the extended comments section at the bottom of this post is the commentary I wrote for StreetInsight.com immediately following Apple Computer’s conference call discussing its September quarterly earnings. As it turned out, I was right that the Street was overreacting when the shares were trading down 10% in after hours trading during the conference […]
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