Below are my Twitter comments in chronological order as I was listening to the Apple conference call. I find these initial reaction comments, which for most companies are handwritten notes, are usually my best analysis. Gut reaction plus objective analysis is reliable. Or to put it another way, I like to keep it simple and […]
Even before the Goldman Sachs related market meltdown, Google shares were down 5% following the company’s 1Q10 earnings report after the close on Thursday. Most all of the many headline numbers regularly provided by Google met or slightly exceeded expectations. However, the upside was minor and there were a few blemishes. The upside was mainly […]
This column originally appeared on SNL Kagan on March 23rd. With all the headlines about over-the-top video, retransmission fees, and the iPad, one would think the business of TV is about to massively change for the worse. Add in the continued growth of DVR households and it seems like TV as we know it is […]
This article originally appeared on SNL Kagan on April 6, 2010. The two most recent 3-D releases have not lived up expectations set by Avatar and Alice in Wonderland. Theater owners probably don’t care but should studio owners? The North American box office continues to chug along, up over 10.9% according to BoxOfficeMojo.com. Most of […]
There are no changes to Northlake’s Market Cap and Style models for April. The Market Cap model is recommending small cap for the third straight month, while the Style model continues to signal value, as it has since July 2009. Northlake client assets invested with the models continue to own the Russell 2000 (IWM) and […]
On March 1st, all Northlake client positions in Discovery Communications voting shares (DISCA) were swapped to Discovery Communications non-voting shares (DISCK) on a dollar for dollar basis. DISCA shares were added to the S&P 500 as of the close of trading on February 26th. The non-voting DISCK shares are not being added to the S&P. […]
There were no changes to Northlake’s models for March. The Market Cap model is sending a small cap signal for the second consecutive month and the Style model remains on value, as it has been since July 2009. As a result of the latest signals, all client positions in the Russell 2000 (IWM) and the […]
Virgin Media reported its best quarter in several years. Mid to upper single digit revenue and EBITDA growth comfortably exceeded estimates and translated to a big beat in free cash flow. Subscriber additions were also good across the board with positive surprises for high speed internet and wireless and wireline telephone. TV subscribers were in […]
CBS reported solid results with EPS, revenue, and EBITDA closely matching street estimates. The report did not provide the big positive surprise seen by News Corporation, with which it has a lot of overlap. This fact, plus some variances to estimates at the segment level, left investors wanting more. There was also some concern that […]
DirecTV (DTV) reported solid 4Q09 financial results and mixed subscriber metrics. The company also announced a $3.5 billion share repurchases which exceeded the high end of estimates calling for $2-3 billion. Ahead of the conference call, on which, the company should provide some 2010 guidance commentary, the news is on balance positive and justifies the […]
