After a year of negative operating income growth and falling earnings estimates, CBS is back on track. The recently reported 4Q15 showed operating income growth of over 6% and for the first time in nearly two years, analysts maintained their earnings estimates. 2016 sets up very well for CBS with a stronger national TV adverting […]
Comcast continued its long string of good quarterly earnings reports with the highlight being the best cable TV subscriber growth in nine years. Yes, for all the worry about cord cutting, Comcast added subscribers in 2015. And growth in broadband subscribers, where Comcast and the cable industry maintain dominance with the fastest network continued unabated. […]
Activision Blizzard, Inc. (ATVI) reported disappointing quarterly results with revenue, earnings, and guidance all worse than expected. The shortfall in the fourth quarter was driven by unfavorable foreign exchange rates and weakness in ATVI’s casual franchises on consoles, Skylanders and Guitar Hero. The underwhelming guidance for next year was mainly due to a delayed release […]
Disney (DIS) reported excellent December quarter earnings driven the massive success of Star Wars. Star Wars not only drove the studio but also boosted consumer product sales. Theme parks also had a very strong quarter. Despite a big beat to consensus EPS estimates, investors focused on slightly disappointing growth in affiliate fess earned by DIS’s […]
Facebook (FB) is a new buy for Northlake clients. The social networking giant operates its original namesake product, as well as other widely used and fast-growing services including Instagram, Messenger, and WhatsApp. The company’s most recent quarterly results demonstrate strong user engagement and strong ad sales trends. This momentum is largely due to FB’s successful […]
Alphabet (GOOG/GOOGL) reported excellent 4Q15 results. Revenue trends accelerated for the second consecutive quarter and operating profit margins expanded. It appears that Google is finally benefitting from the transition to mobile internet. There have been long standing concerns about whether search on mobile could maintain its high growth rate and profitability. The worries related to […]
Apple reported December quarter results in line with recently lowered Wall Street expectations. A much greater focus for investors was guidance for the current quarter. Apple released guidance that was below Wall Street analyst estimates but similar to the much lower expectations held by large investors like hedge funds and mutual funds. It is not […]
CBS reported a mixed quarter against low expectations. The highlight of the quarter is the company is returning to growth on the operating income line with a big accelerating ahead on 2016 on the back of political advertising. CBS shares have perfomed poorly this year as earnings estimates moved steadily lower. At one point, Northlake […]
Disney (DIS) reported better than expected 4Q15 earnings, a great relief to investors following the controversial 3Q 15 report in August that send DIS and other media stocks into a spiral of declines ranging from 20-30% in just a few weeks. The issue in August was a lowering of guidance due to foreign currency hedges […]
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
