Discovery Communications (DISCA/DISCK) reported its third consecutive positive earnings surprise. The shares are responding, up 8% in early trading on Monday. DISCA shares are now at their highest price since early September 2008 and up 21% since the day before the market crash began. In 1Q09, DISCA produced an across the board positive surprise with […]
Ahead of its 1Q09 earnings report on Monday, Discovery Communications announced a joint venture and re-branding of its Discovery Kids Network. A 50/50 joint venture with Hasbro will lead a re-naming and re-programming of the U.S. network. Kids will continue to operate as is in international markets According to SNL Kagan, Kids currently reaches 63.4 […]
Discovery Communications (DISCA) has been one Northlake’s best performing stocks. The stock was purchased in mid-September prior to the market crash at $16.50. Today, I trimmed the position across most client accounts at $17.83. Pretty amazing that any stock, let alone a media stock, is above its pre-crash level. With most all other holdings down […]
I’ll bet you would be shocked to learn that there is a media stock trading above its mid-September, pre-crash levels. It’s true. Discovery Communications (DISCA) is up about 5% thanks to a restructuring from a tracking stock to a regular stock, two positive quarterly earnings surprises, strong ratings for its TV networks, and still positive […]
I finally got something right. Discovery Communications (DISCA) reported another positive surprise (EBITDA +23%, margins +700 basis points) and provided upbeat 2009 guidance. The stock responded by jumping 15%, leaving it within 10% of its mid-September, pre-crash level. 4Q08 benefited from continued strength in domestic and international advertising, ongoing growth in domestic and international distribution […]
Discovery Communications (DISCA) is one of the world’s largest providers of cable networks, with projected 2008 revenue in excess of $3.4 billion. The company operates over 100 channels around the world in more than 170 countries reaching 1.5 billion subscribers. In the U.S., its best-known networks are Discovery Channel, TLC and Animal Planet. DISCA is […]
After many months of monitoring and researching, I finally got long Discovery Communications in Northlake client accounts on Friday. The shares are temporarily trading under the tickers DISAD (voting) and DISCK (non-voting). In twenty days DISAD will revert to DISCA. There is also an illiquid class of super voting DISCB shares. New DISAD/DISCA shares no […]
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