Central European Media Enterprises (CETV) reported solid 2Q06 results, comfortably matching my expectations. As usual, the composition of results was a little different than what I expected but the bottom line is that the quarter affirms my enthusiasm for CETV, especially relative to current expectations for 2007. CETV shares are quite weak despite what I […]
Due technology issues the following post is being added now even though it was written over 24 hours ago 2Q06 will be a tricky quarter to analyze for Central European Media Enterprises primarily due to the repositioning of its largest station, TV Nova in the Czech Republic. Self-induced changes will push Nova’s year-over-year comparisons deeply […]
CBS Corporation (CBS) reported 2Q06 results very close to expectations and reaffirmed guidance for 2006. Nevertheless, the shares are dropping sharply. I think there could be two reasons for the decline. First, the company did not indicate how it was going to use proceeds of recent asset sales. Investors were expecting a big increase the […]
Ahead of Monday’s earnings report, shares of Regal Entertainment (RGC) are within 1% of their 2006 high and up almost 9% so far this year. Given the $1.20 annual dividend, the total return is even better. Coming off the dismal 2005 box office performance, RGC shares have responded to renewed growth in attendance and revenue […]
“A looming capacity expansion in hotel rooms and casino space, rising gas prices, an uptick in airfares, the possible peaking of the Las Vegas residential real-estate market, and the ongoing risk of global terrorism make the stocks of major casino operators good candidates for shorting.” — Steve Birenberg, StreetInsight.com, Long/Short Investor, 8/24/2005 OK, so I […]
Comcast (CMCSA/CMCSK) reported another strong quarter with most key financial and subscriber measures beating estimates. On top of similar strength in 1Q, management is raising guidance. Revenue growth in the cable division (well over 90% of the company) is going up to 10-11% from 9-10%. EBITDA growth is now projected “at least” 13% higher vs. […]
E.W. Scripps (SSP) shares should rebound after the company reported better than expected 2Q06 EPS and provided guidance in line with current expectations. Most importantly, guidance for 2H06 advertising growth at Scripps Networks was not as bad as I and others had feared. Upside for SSP is limited, however, due to the premium valuation relative […]
NTL Holdings (NTLI), have been under severe pressure lately due investor fears about the intense competitive environment for broadband in the UK. As the largest cable company in the UK, NTLI has significant market share in broadband. Even though about 70% of its subscribers take the triple play bundle of cable TV, broadband, and telephony, […]
Apparently, Motorola (MOT) believes its stock price is too cheap. The company just announced that it will complete its prior $4 billion, three year repurchase plan 2 years ahead of schedule by immediately buying $1.2 billion in shares. Additionally, a new $4.5 billion, 3 year repurchase has been approved by the Board. According to the […]
After 17 days in theatres, Pirates of the Caribbean: Dead Man’s Chest is the fastest grossing film in history. The movie remains comfortably on track to produce better than expected profits. In fact, benefits to Disney (DIS) relative to current expectations could begin as soon as the September quarter since the film seems likely to […]
