Posts by: Steve Birenberg
There are no changes to Northlake’s model signals for February. For the second consecutive month, the Market Cap model favors small caps and the Style model favors small cap value. …
In Northlake’s yearend letter, we stated “Admittedly, we have been too patient with ClubCorp. However, with oil prices rebounding and golf rounds played rising for the first time in several…
Both of Northlake’s models changed signals to begin 2017. The Market Cap model is now recommending small cap after spending eight months at mid cap. The Style model is still…
Northlake’s Style model moved decisively to value for December reflecting the “Trump Trade” that has dominated the stock market since Election Day. Northlake client accounts will sell all holdings in…
Liberty Media and Liberty Sirius reported earnings and held their annual analyst meetings last week. We attended the analyst meeting, one of our favorite events of the year given Liberty’s…
As we hoped, Liberty Global (LBTYK) reported a modest improvement in its revenue and EBITDA growth rates for 3Q16. Revenue adjusted for foreign exchange, merger activity, and other one-time items…
MGM Resorts (MGM) reported its best quarter in a strong run of growth for the company and upside surprises to Wall Street estimates. When Northlake bought MGM for clients earlier…
CBS reported another solid quarter, supporting our view that it is among the best positioned traditional media companies in a challenging landscape as viewers use different devices to watch TV…
Facebook reported another strong quarter with revenue growing 56% and operating income up 73%. Both figures exceed Wall Street estimates despite high expectations. As it has consistently since going public,…
Northlake’s Style model moved back to a neutral reading between growth and value for November. As is often the case when a trend change may be under way, the model…
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