Can you name a single big success on the internet that was built off an already established brand? I suppose news sites like MSNBC.com, CNN.com, and NYTimes.com might qualify but even there the younger demographics that are driving the net are increasingly getting their news from blogs or links in the communities they call home. […]
The headline of this post is what appeared in the Chicago Tribune this morning. The article goes on to quote three retailing experts, each of whom takes a negative view of the company. As I have noted previously, Sears Holding (SHLD) is being run for the shareholders. This means Sears the stock is a far […]
Sears Holdings (SHLD) will have reported earnings by the time you read this. Since I get a lot out of writing previews by setting my own expectations and understanding the setup in the shares, I am posting a preview anyhow. Hopefully, this note will help you put the reported figures in perspective. SHLD accelerated its […]
Poseidon sunk the box office as the big budget film flopped, bringing in just $20 million and opening in second place. Poor performance from Poseidon was the primary cause for an 8.4% decline in box receipts versus the same weekend a year ago. The negative comp broke a six weekend winning streak and the weak […]
Viacom (VIAB) reported a solid quarter, which I would characterize as slightly above expectations. Viacom’s good results follow better than expected results at Disney and News Corp, possibly a sign that fundamentals are improving for the diversified entertainment companies. At a minimum, I think that analyst estimates are now achievable as they have adjusted to […]
Well, that didn’t last very long! Newspaper and radio stocks soared on Monday in response to Jeff Smulyan’s plan to take Emmis Broadcasting private. EMMS shares quickly went above the offer price and investors jumper on radio and newspaper stocks, apparently seeing the EMMS deal as a sign of value for depressed traditional media assets. […]
Results from Disney (DIS) look awfully good to me. EPS came in at 37 cents against consensus of 31 cents. I only see a 1 cent benefit from a lower than expected tax rate so it looks like a clean beat to me. Revenues were $8.03 billion vs. consensus of $8.18 billion, yet despite the […]
NTL Incorporated (NTLI) reported 1Q06 earnings as expected including the hoped for acceleration in cost savings synergies from its merger with Telewest. Investors are responding favorably to the report and follow-up conference call, moving NTLI shares 2-3% higher. I think the stage is set for NTLI shares to move into the mid $30s or higher […]
Viacom (VIAB) is expected to report weak 1Q06 results due to tough comparisons in 1Q05. Revenue growth is forecast at about 5% with EBITDA rising just 0-2%. Despite the weak start to the year, analysts expect revenue and EBITDA to grow by low double digits for all of 2006. 1Q EPS are expected at 39 […]
Cablevision (CVC) shares are up sharply after the company reported better than expected 4Q05 results and announced 2006 guidance for its cable division that is above current analyst estimates. As the conference call begins, CVC shares are up 5% and dragging Comcast (CMCSA/K), up over 1% along for the ride. Wall Street may hate cable […]
