Beginning this quarter, we are adding a new blog post to cover the income-oriented stock and ETF ideas we have been increasingly using in client portfolios. Not all clients use these investments, but we have broadened their use, so we thought it would be useful to produce summary commentary each quarter. Up until 2020, most […]
During November, Liberty Media reported third quarter earnings and hosted its annual analyst meeting. A portion of the Northlake client base owns stock in companies controlled by Liberty Media including Formula One Group (FWONA/FOWNK) and Liberty Sirius (LSXMA/LSXMK). Liberty regularly creates tracking stocks or spins off companies they control. We have gradually sold off many […]
Another fairly quiet quarter is in the books at Liberty Media which controls tracking stocks in Formula One (FWONA/K) and Liberty Sirius (LSXMA/K). LSXM controls nearly 70% of SIRI and SIRI had already reported strong second quarter results so there was very little discussion on that front. FWON was the primary subject although there were […]
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 (SIRI) representing approximately 70% of the shares outstanding. Consequently, when Liberty reports earnings and hosts a conference call the discussion is on these separate businesses. […]
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 broad reach into the world of media and communications that is a focus of our investment strategy, The big news at Liberty Media has been […]
It was a quiet quarter at Liberty Media (LMCK) and Liberty Sirius (LSXMK) after the companies were spun off as tracking stocks from Liberty Media’s corporate holding company earlier this year. The good news is that the major assets held by each company performed well in the quarter. In addition, transactions completed on smaller assets […]
Liberty Media reported results following its split into three tracking stocks. Northlake sold the shares that track ownership of the Atlanta Braves, the team’s new stadium, and the real estate development adjacent to the stadium. We continue to hold shares in Liberty Sirius (LSXMA/LSXMK) and Liberty Media (LMCA/LMCK). We read nothing in the quarterly reports […]
Effective this past Monday, Liberty Media completed its restructuring into three tracking stocks. For each share of Liberty Media (LMCA/LMCK), you received one share of Liberty Sirius (LSXMA/LSXMK), 0.10 shares of Liberty Braves (BATRA/BATRK), and 0.25 shares of new Liberty Media (LMCA/LMCK). Liberty Media is a collection of media and entertainment assets managed by John […]
Liberty Media (LMCA/LMCK) reported quarterly results last week and as usual the focus was on the company’s portfolio of assets. Liberty trades in relation to its net asset value rather than its earnings and cash flow like most stocks. There were three interesting pieces of news from the press release and conference call. First, Liberty […]
It was a quiet quarter for the Liberty Media family of companies owned in Northlake client portfolios. We could get some fresh news on these event driven stocks later this week when Liberty hosts its annual analyst meeting in New York. We will be attending this year. Liberty Media (LMCA) remains tied to its 60% […]
Office
20 N 3rd Street
Bayfield, WI 54814
Mail
PO Box 1165
Bayfield, WI 54814
tim@northlakecapital.com
847-226-9713
