Activision Blizzard (ATVI) reported slightly better than expected holiday quarter results driven by good sell through of next generation video games. Along with reported results from competing video game publishers, it appears that the better than expected sales of new video game consoles in 2013 and 2014 are now driving sales of software. The game […]
Disney (DIS) reported another excellent quarter, easily beating Wall Street estimates for revenues and earnings per share. Especially impressive was the broad-based strength in the results, as every segment beat estimates on revenue and operating income. Two things come to mind when reviewing DIS latest results. First, in general, stocks tend to do well when […]
Apple and Google reported earnings last week and each stock responded very positively. This was an interesting outcome given that Apple’s results were well ahead of expectations, while Google fell a little short of Wall street estimates. Media Tlak has often noted how expectations and sentiment drive a stock’s immediate reaction to earnings. Read on […]
Activision Blizzard, Inc. (ATVI) is a new buy for Northlake clients. Now is a good time to invest in ATVI following recently announced better than expected third quarter results. In addition, there have been concerns about growth at ATVI for 2015, but the worries seem to be easing due to the just reported better than […]
CBS Corporation (CBS) reported third quarter results in line with or very slightly ahead of recently lowered Wall Street estimates. CBS shares have performed quite poorly this year, down almost 20%, as earnings have steadily fallen due to weaker than expected advertising trends at the CBS Network and the company’s owned and operated TV stations. […]
In a very tough year for media stocks, Disney (DIS) has been a standout performer. At recent highs, the shares were up over 20% for the year, more than twice the gain in the S&P 500. DIS was a victim of its own success after reporting its latest quarterly earnings. The results were slightly above […]
The big news surrounding Liberty Media’s (LMCA/LMCK)) quarterly earnings was the split of LMCA into two companies as shareholders received one share of Liberty Broadband (LBRDA/LBRDK) for every four shares of LMCA/LMCK. LMCA/K now is dominated by its 57.5% ownership stake in Sirius XM Satellite Radio. Sirius now represents over 7% of LMCA/K net asset […]
Liberty Global (LBTYK) had an eventful week. The company closed on its acquisition of Ziggo, giving it nationwide coverage in the Netherlands for its broadband and cable network, reported third quarter earnings, and restarted its share repurchase program. Each item is positive and complements the other which should set the stage for strong performance from […]
In a tough year for media and entertainment stocks, Comcast (CMCSK) has been a good performer rising 11% through October, a bit ahead of the S&P 500. As the just reported third quarter revealed, performance would be even better if not for the headwinds that have buffeted media and entertainment stocks. The good news is […]
ClubCorp Holdings (MYCC) is the largest owner-operator of private country clubs and business clubs in the United States. MYCC recently completed the acquisition of Sequoia Golf, the third largest owner-operator of country clubs, and now owns or operates over 200 clubs in more than 26 states. Clubs are somewhat clustered in warmer clients with Texas […]
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