Happy New Year to Northlake Clients and Friends! Over the weekend, Northlake received the latest signals from its market capitalization and style models incorporating the latest economic, interest rate, and stock market indicators. There were no major changes as the the signals remain Mid Cap and Value. However, there is some underlying movement that is […]
Both of the ETF’s currently owned by Northlake clients, the S&P 400 Midcap (MDY) and the Russell 2000 Value (IWN), went ex-dividend in the last week. This has a temporary negative impact on your portfolio values that will reverse in January when the payments are received….
Sorry for the lack of posts recently but there has been lots of news on stocks of interest to Northlake clients that has occupied my time. Here’s a brief recap:
Northlake’s Market Capitalization and Style models are unchanged once again in December, leaving in place the signals favoring Mid Cap and Value. Consequently, current client investments in the S&P 400 Mid Cap ETF (MDY) and the Russell 2000 Value ETF (IWN) will remain in place. Any cash reserves invested in ETFs in the coming month […]
Recently purchased positions in Central European Media Enterprises (CETV) were sold on Friday at a small loss due to uncertainty over the political situation in Ukraine. The concern is solely short-term as CETV’s long-term opportunity as the leading TV broadcaster in rapidly growing Central and Eastern Europe is an extremely worthwhile investment thesis….
On November 15, all shares of Lucent Technologies purcahsed for Northlake clients on October 19, 2004 were sold at $4.05. The shares were purchased as a trading idea at $3.55. The idea behinds the trade was to…..
There were no changes to Northlake’s model signals for November. The Market Capitalization Model continues to favor Mid Caps and the Style Model continues to favor Value. There was some movement toward Small Caps in the Market Capitalization model (but not enough to switch the signal), leaving it on the cusp of a shift from […]
Northlake’s latest purchase on behalf of clients, SBS Broadcasting, reported third quarter EPS yesterday. The results were basically in line with estimates and the company reiterated its 2004 guidance….
Yesterday, Northlake purchased SBS Broadcasting (SBTV) for clients. SBTV is a U.S. company with an American CEO, although the company receives 100% of its revenue in Europe where it is one of the leading television and radio broadcasters. In 2004, revenue is estimated at
Northlake is buing Lucent Technologies shares for clients. Our investment thesis closely on LU closely tracks our view of Motorola: Both companies botched things badly and lost market share and competitive position. Both also have changed management and shown several quarters of improved results that have been greeted with skepticism. In general, I look for […]
