Shortly after the open Thursday, I completed the purchase of a position in the Japanese stock market across all client accounts. The purchase was completed through the exchange traded fund that tracks the major Japanese market index. The ticker symbol is EWJ. Certain clients had owned Japan previously as part of a group of ETFs […]
On Monday, SBS Broadcasting (SBTV) shareholders approved the deal to sell the company to private equity investors for 46 euros per share. According to the press release issued by the company, the deal is expected to close in late October. Sometime later this month, before final closing, the company will establish a record date for […]
Consolidation in European media continues at a frantic pace. Last week, Liberty Global (LBTYA) announced its acquisition of leading Swiss cable company Cablecom. On Monday, NTL Incorporated (NTLI) and Telewest (TLWT) announced their long awaited merger. Additionally on Monday, shareholders of SBS Broadcasting (SBTV) approved the sale of the company to private equity investors for […]
The following entry appeared in its entirety on StreetInsight.com on October 5, 2005. NTL Incorporated (NTLI) and Telewest (TLWT) announced their long awaited and long overdue merger on Monday. The terms were about as expected with TLWT shareholders receiving value of almost $24 per share composed of $16.25 in cash plus .115 shares of NTLI. […]
Over the weekend I received fresh signals from Northlake’s monthly models. The big change for October is a new Value signal in the Style model after four consecutive months signaling Growth. As a result of the new signal, at the open on Monday I swapped all personal and client positions in the Russell 1000 Growth […]
Despite September’s history as the worst month of the year, September 2005 turned out pretty well. The S&P 500 produced a gain of 69 basis points and a total return of 84 basis points. The NASDAQ and the Russell 2000 did produce negative returns on a price only basis for September but both indices fell […]
I am not sure if it was the Merrill Lynch downgrade from buy to neutral or the iPod nano screen problems that led to the sharp decline in Apple Computer (AAPL) but the reaction was sharp with the shares dropping close to 5% on well above average volume. I’m no technician but the chart definitely […]
Over the past few weeks based on my own reading and the action in the stock, I have become more attracted to Time Warner (TWX) shares. As of today, I am dropping my cautious view and adopting a constructive three-to-six-month view of TWX shares….
Goldman Sachs had a note out on Monday indicating that the fall season at the Walt Disney (DIS) owned ABC Network is off to a good start. Ratings for key returning shows including Desperate Housewives, Lost, and Grey’s Anatomy were all up over last year’s season opening shows with Lost actually setting an all-time high […]
Northlake Capital Management, LLC will be debuting its new blog, Media Talk any day now. The blog will provide commentary on media stocks that are not broadly held in client accounts….
