La Quinta (LQ) reported solid operating results for the second quarter despite some headwinds and investor worries. Revenue and EBITDA matched Wall Street estimates despite three unexpected issues. First, the massive rainfall and flooding in Texas impacted occupancy in the state, which contains 25% of LQ’s hotels. One LQ hotel in San Marcos was flooded […]
Comcast reported mostly in line results for its 2Q15. Nothing changes in the long-term story, which we continue to like very much. Comcast offers steady and predictable, if modest growth, a great balance sheet, double digit growth in free cash flow, and shareholder friendly management that acts with an element caution. Comcast is composed of […]
Apple (AAPL) reported slightly disappointing earnings relative to very high expectations. iPhone shipments of 47.5 million fell a little short of 50 million plus expectations and while the company did not breakout Watch sales, it is easy to infer a range of 2-3 million, short of the 3-4 million consensus. Guidance for the September quarter […]
Google (GOOG/GOOGL) reported slightly better than expected 2Q15 earnings. Revenue growth picked up slightly after a long string of decelerating growth quarters. This proved reassuring to investors concerned about Google’s long-term growth rate amid a shift to mobile where app usage theoretically hurts traditional search which Google dominates. Equally important for the stock, expense growth […]
There are no changes to the signals from Northlake’s Market Cap and Style models for July. The Market Cap model is recommending large cap for the second consecutive month and the Style model favors large cap growth, as it has since November 2014. Given the latest model readings, Northlake client positions following the models will […]
Office
20 N 3rd Street
Bayfield, WI 54814
Mail
PO Box 1165
Bayfield, WI 54814
tim@northlakecapital.com
847-226-9713
