We have held off for a few days writing up the 2Q19 earnings report from CBS. It appears the company will finally announce its merger with Viacom and we wanted to wait and cover both events in one post. The merger has been in the works in one form or another for several years. Deal […]
Nexstar Media Group (NXST) reported 2Q results very slightly below consensus estimates. All guidance was reiterated. The company guides based on average 2018 and 2019 results given the highly cyclical nature of revenues due to political and Olympic advertising only occurring in even years. Management is careful about guidance and admitted on the call that […]
In last quarter’s review of Disney (DIS), we noted that “Over the next six months, Disney investors have little to worry about.” We also discussed how we enjoyed the earnings call because it was mostly about operating fundamentals of the company’s core business with less focus on the upcoming Disney+ launch. At the time, we […]
When Northlake began in 2004, our strategy was to combine investments in broad market indices, thematic market indices, and individual stocks with adjustments for individual clients based upon their unique goals objectives and tolerance for risk. This strategy remains in place today with a slight modification to the approach for individual stocks. Back at the […]
Apple (AAPL) reported in line 3Q19 results and released guidance for 3Q19 that is ahead of expectations. It is worth noting that revenues grew just 1% vs the year ago quarter and operating income fell -8.5%. Guidance calls for similar growth rates next quarter. The stock is trading up about 4% to its highest level […]
Alphabet (GOOG/GOOGL) reported strong 2Q19 results, with constant-currency revenue growth of 22% coming on the heels of a disappointing 1Q19 report. The reacceleration of revenue growth back above the crucial 20% bogey will help put to rest concerns that a secular slowdown at GOOGL has begun. Along with strong sales, GOOGL also reported better-than-expected profit […]
MGM Resorts (MGM) reported its best quarter since 2017 when releasing 2Q19 results. For the first time since the 10/1/17 shooting at Mandalay Bay, earnings estimates are likely to move up. Equally important, the conference call went very well. Management was focused, detailed, and confident in its outlook. In fact, the final analyst question concluded […]
You would not know it from the constant headlines about cord cutting but things are going quite well at Comcast. This is because the margins are not very good on cable video subscribers which are declining, while the margins are very good and getting better on broadband internet subscribers which are growing. Also growing with […]
Facebook (FB) reported largely inline results in 2Q19 reinforcing that the company has weathered the storm surrounding the privacy issues that have plagued the stock since mid-2018. Revenue growth has decelerated and expenses are higher as management has signaled. However, in both cases the actual results have been better than expected from an investor perspective. […]
Nexstar Media Group (NXST) reported solid 1Q19 earnings with all important metrics matching Wall Street expectations. Core advertising, retransmission fees, and profit margins all stayed on the recent positive trend. Advertising has improved since last fall providing a nice boost to investor confidence. Retransmission or subscription fees are now about half of revenues making NXST […]
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