As expected, MGM Resorts (MGM) bounced back with a strong quarter in 1Q17 after reporting disappointing 4Q16 results. As described in our 4Q16 update, the miss was largely driven by the shift in timing of Jewish holidays compounded by management’s miscommunication of the anticipated impact to their convention business. MGM’s management took responsibility for the […]
Comcast reported another good quarter and the shares are moving up to another all-time high. CMCSA shares are befitting from two factors. First, the company continues to execute almost perfectly on all financial and operational metrics. Second, the threat of onerous cable regulation has fallen sharply under the Trump Administration. Putting the long history of […]
Sinclair Broadcasting (SBGI) has been added to Northlake’s individual stock portfolio. We expect transformational acquisitions to increase the company’s free cash flow by 25-50% over the next two years. Free cash flow per share could average $6-7 on a pro forma basis for the 2017/2018 TV station cycle. We believe this will drive the shares […]
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