Posts by: Steve Birenberg
Liberty Global (LBTYK) remains a troubled stock after reporting mixed 1Q17 results and lowering full year guidance for growth in operating cash flow. The shares performed poorly last year but…
Formula One (FWONA/K) and Liberty Sirius (LSXMA/K) are tracking stocks of Liberty Media. FWON owns the Formula One racing circuit and LSXM owns a controlling interest in SiriusXM Satellite Radio…
Disney (DIS) reported first quarter earnings of $1.50, up 10% from a year ago, and ahead of Wall Street estimates of $1.41. Revenues grew just 3% and operating income just…
Amid a tough quarter for media earnings, CBS was a bright spot. We have long liked CBS for two reasons and both were on display in 1Q17. First, management continues…
Sinclair Broadcasting (SBGI) reported 1Q17 earnings in line with analyst estimates. Guidance for the second quarter appears a little light although management reiterated all guidance for 2017 and 2018 suggesting…
Apple reported a mostly inline March quarter and issued guidance for June quarter that was within its usual range. Revenues for the March quarter fell slightly short of estimates driven…
Each of Northlake’s models has a new signal for May. The Market Cap model is now recommending mid caps after four consecutive months at small cap. The Style model now…
Google (GOOG/GOOGL) reported another solid quarter with 24% foreign exchange neutral revenue growth. Revenue growth was driven by advertising, up 20% in constant currency terms. Mobile is the driver with…
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…
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…
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