Google reported another good quarter. FX-neutral revenue grew 24%, better than expectations of 20%. Given the concern that Google was lapping a tough comparison to last year when the company first added another ad to searches, the sustained growth rate is the biggest takeaway from the quarter. Growth was driven by 33% growth in paid […]
Apple reported largely inline results for its 4Q16 ending September 30. Guidance for 1Q16, encompassing the very large holiday quarter, also was close to Wall Street expectations. The shares are trading off several percent this morning following last night’s report and conference call. We see this mostly as a result of the 25% move higher […]
Despite the almost daily articles about cord cutting and cord shaving and OTT services and the end of cable TV as we have known it, Comcast continues to grow at a steady rate. In 3Q16, cable revenue grew 7% and cable operating cash flow grew 6%. Comcast added over 200,000 new subscribers and good old […]
ClubCorp (MYCC) reported 3Q16 results and 4Q16 guidance largely in line with expectations, with a slight miss on sales and a slight beat on earnings. The solid results reflect a resilient subscription business model despite continuous headwinds from unfavorable weather and some weakness in oil-dependent markets. Importantly, MYCC outlined their goal to reduce debt partly […]
After sitting on a neutral reading for six months, Northlake’s Style model shifted to value for October. As a result, client positions in the Russell 1000 Growth (IWF) have been sold and the proceeds have been reinvested into the Russell 1000 Value (IWD). There is no change in the mid cap model coming from the […]
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