Consolidation in European media continues at a frantic pace. Last week, Liberty Global (LBTYA) announced its acquisition of leading Swiss cable company Cablecom. On Monday, NTL Incorporated (NTLI) and Telewest (TLWT) announced their long awaited merger. Additionally on Monday, shareholders of SBS Broadcasting (SBTV) approved the sale of the company to private equity investors for […]
The following entry appeared in its entirety on StreetInsight.com on October 5, 2005. NTL Incorporated (NTLI) and Telewest (TLWT) announced their long awaited and long overdue merger on Monday. The terms were about as expected with TLWT shareholders receiving value of almost $24 per share composed of $16.25 in cash plus .115 shares of NTLI. […]
I am not sure if it was the Merrill Lynch downgrade from buy to neutral or the iPod nano screen problems that led to the sharp decline in Apple Computer (AAPL) but the reaction was sharp with the shares dropping close to 5% on well above average volume. I’m no technician but the chart definitely […]
Over the past few weeks based on my own reading and the action in the stock, I have become more attracted to Time Warner (TWX) shares. As of today, I am dropping my cautious view and adopting a constructive three-to-six-month view of TWX shares….
Goldman Sachs had a note out on Monday indicating that the fall season at the Walt Disney (DIS) owned ABC Network is off to a good start. Ratings for key returning shows including Desperate Housewives, Lost, and Grey’s Anatomy were all up over last year’s season opening shows with Lost actually setting an all-time high […]
Today I contributed the following commentary on Apple Computer to StreetInsight.com, the professional service of theStreet.com. Since Northlake clients are long Apple in their portfolios, I thought the note might be of interest. I have also included the text of two other comments on Apple that were contributed by other money managers who contribute to […]
Sears Holdings (SHLD) 2Q06 earnings for the quarter ending July 30, 2005 disappointed investors leading to a decline of 5.2% in the shares on Thursday. To get a sense of what the Street was expecting please take a look at my preview note posted yesterday. The main disappointment in the quarter was on the top […]
I received the circular on the buyout of SBS Broadcasting (SBTV) earlier this week and based on my reading I am continuing to hold the shares owned by clients hoping for another bidder to emerge. As a reminder, SBTV has agreed to a buyout offer from private equity investors led by European group Permira and […]
Northlake clients remain long Sears Holding (SHLD) ahead of second quarter earnings due to be reported before the open tomorrow. The company is not expected to host a conference call but will release a 10Q and probably a note from Eddie Lampert along with the earnings. Current client positions in SHLD are on the small […]
There is a lot of anticipation and excitement surrounding this week’s official announcement of the iTunes phone combining the efforts of two companies owned by Northlake clients, Apple Computer (AAPL) and Motorola (MOT). I think the iTunes phone launch is a positive for both companies and might be significant for the mobile phone industry as […]
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