Virgin Media reported solid third quarter results as management continues to execute very well at the operating level and take advantage of VMED’s superior broadband network in the United Kingdom. Overall growth in revenue and EBITDA remains modest, rising mid to upper single digits. Free cash flow is growing double digits as capital spending intensity […]
Apple reported another strong quarter but the stock sold off due to concerns about guidance for the December quarter and disappointment in iPad sales. The guidance issue relates solely to gross margins, which Apple guided to 36%, well below recent quarters that have averaged about 40%. The company attributed the guidance to mix issues. iPhones […]
I was expecting good 3Q10 earnings from Google but I thought it would be built on better cost controls. 2Q10 results that led to a big slide in the shares saw higher investment spending overwhelm a small top line beat. Ahead of the 3Q numbers, I expected another quarter of revenue strength but figured management […]
Northlake’s Market Cap model shifted back to small cap for October. As a result of the change, all client positions in the S&P 400 Mid Cap (MDY) were sold and replaced by the Russell 2000 (IWM). There were no changes to the Style model, which remains on the long running Value signal. The shift to […]
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