One of the things I have not stressed enough in my comments on the box office has been the strength of the international box office. According to Variety.com’s international weekend wrap-up, the non-US box office is up 20% year-to-day with summer gains exceeding those of the US. Unlike my domestic box office commentary which focuses […]
The sell-off since the S&P 500 and Dow Jones Industrial Average made all-time closing highs on July 19th has been broad. All the major indices I track are down between 7% and 11%. I track these indices looking for divergences in returns that might be a clue to where leadership is emerging and whether prior […]
Investors continue to flock to the nation’s theatres to escape the heat and take their mind off the stock market. The weekend box office rose 29.8% according to BoxOfficeMojo.com based on the gross of the top 12 films. This marks the fifth straight and sixth of the last seven weekends with significant year-over gains. Quarter […]
Comcast (CMCSA/CMCSK) took a serious dive yesterday, trailing the market action all day including a 3% drop when the DJIA was up close to 200 points, before recovering in the last half hour to close down 1%. I am certain that the poor quarter and reduced guidance from Cablevision (CVC) was at fault. CVC missed […]
News Corporation (NWS) reported a very solid fourth quarter to wrap up a great fiscal 2007. Revenue and EBITDA rose 9% and 19%, respectively, with revenue comfortably beating estimates and operating income in line. The composition of operating income will please investors, however, as Cable Networks and Fox Interactive Media (MySpace) comfortably exceeded expectations offsetting […]
Cablevision (CVC) reported weaker than expected 2Q07 results and lowered 2007 guidance dealing another blow to the bull case for cable. Results were weak pretty much across the board with Telecom EBITDA and all subscriber metrics short of estimates. The only silver lining was lower than expected capital spending in thee quarter and a reduction […]
It seems as though everyone is going to the movies to take their minds off the lousy stock market. The weekend box office rose 36% as The Bourne Ultimatum earned $70.1 million, the biggest ever opening for a movie in August and the 28th best opening weekend ever. Bourne also had a bigger opening than […]
Paul Allen announced that he is dramatically reducing his remaining position in Dreamworks Animation. Following up on the sale of 12 million shares last November, Allen will now sell an additional 15-17 million shares leaving him with just 6 million shares. Of the shares to be sold, 10-12 million will be sold in a secondary […]
There were no changes of Northlake’s Market Cap and Style models for August. The signals continue to be Large Cap and Growth. The large cap signal remains one of the strongest in the close to 400 monthly readings I have going back to 1980. The growth signal move from weak to solid this month and […]
Virgin Media announced that it was delaying the sale of the company. The brief press release indicated that financial and strategic buyers continue to express interest but unfavorable debt market conditions make delaying a sale in shareholders best interests. On July 2nd, Virgin Media received a proposal to take the company private. The buyer was […]
