This excerpt from the Wall Street Journal is interesting as it pertains to CETV: “But it’s not just tough conditions that explain the slack sales of L’Oreal’s cosmetics and its profit warning. That performance contrasts with robust sales and outlooks at Colgate-Palmolive and Unilever, more diverse rivals selling cheaper personal-care products. L’Oreal may have simply […]
Over the past eight days, CETV held its annual analyst meeting and reported its 3Q08 results. These events seem to have halted the punishing decline in the shares which fell from the upper $60s at the end of September to a low of $18 this past Tuesday. As f this writing the stock has rebounded […]
The market staged a big rally on Tuesday that looked quite similar to the one-day wonder on October 13th. Both rallies started from almost the same levels on the major averages. If we can hang onto to Tuesday’s gains, you will see lots of commentary about a successful retest of the October 10th lows. While […]
I am heading to NY Thursday morning to attend CETV’s annual analyst meeting which convenes at noon. CETV has long been my favorite stock (since 2001) offering a combination of growth, value, and superb management. However, over the last four months the stock has been an absolute disaster. First, investors lost confidence in advertising growth […]
As I leave the office after the Apple call wraps up on Tuesday night, the stock is trading at $102, up a little over $10 from the NY close, regaining more than the $7 loss during regular hours. I posted the big news on the call while it was still going on (immediately below). Steve […]
He’s alive. He sounds vibrant. Very upbeat on iPhone and notebooks. Discussing economy which he says is impossible to predict but company positioning provides some insulation. Very confusing numbers because of subscription accounting. This could be impacting GAAP guidance based on a revenue per iPhone calculation. Jobs mentions possibility of using cash on acquisitions. $25 […]
Apple reports its September quarter earnings tonight after the market closes. However, the key to the stock price will be the December quarter guidance. Given that Apple guides below consensus most of the time, I think anything close to consensus of $10.57 billion in revenue and $1.65 in EPS will be well received. Obviously, the […]
Several times last week I started typing a market comment but each time events were moving so fast that my thoughts felt dated before I was done. Now that the weekend has given everyone a chance to breathe, I wanted to offer a few thoughts even though I worry that when Asia opens on Sunday […]
For the first time since June 2007, Northlake’s Style model is flashing a value signal. The new signal breaks a 15 month run of growth signals. As a result of the new signal, I sold all client positions in the Russell 1000 Growth ETF (IWF) and purchased dollar-for-dollar in the Russell 1000 Value ETF (IWD). […]
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