First Time Warner Cable (TWC) and then Comcast (CMCSA) set the table for Cable vision (CVC) with stronger than expected earnings reports. The first two reports revealed financial and subscriber metrics that were better than expected pretty much across the board. In earlier quarters as cable metrics decelerated, CVC was generally able to buck the […]
News Corporation will report a dismal March quarter. EPS and EBITDA will declines 50% or more. The good news is this should be the worst quarter this cycle. That is certainly what investors seem to be saying as NWSA shares have rallied 84% off their March lows including 20% since media earnings season kicked off […]
Discovery Communications (DISCA/DISCK) reported its third consecutive positive earnings surprise. The shares are responding, up 8% in early trading on Monday. DISCA shares are now at their highest price since early September 2008 and up 21% since the day before the market crash began. In 1Q09, DISCA produced an across the board positive surprise with […]
Ahead of its 1Q09 earnings report on Monday, Discovery Communications announced a joint venture and re-branding of its Discovery Kids Network. A 50/50 joint venture with Hasbro will lead a re-naming and re-programming of the U.S. network. Kids will continue to operate as is in international markets According to SNL Kagan, Kids currently reaches 63.4 […]
Comcast reported better than expected 1Q09 results pretty much across the board. I completely missed this as I had expected this to be the final quarter of sluggish growth with estimates coming down again. I underestimated Comcast’s excellent operating management and favorable seasonal trends. It was clear after Time Warner Cable (TWC) reported yesterday that […]
Viacom reported 1Q09 results largely in line with analyst estimates. EPS of 29 cents beat the 26 cent consensus but revenues of $2.91 billion fell a little short of the $2.97 billion estimate. Advertising trends were weak, as expected, but this still stands out as a negative particularly as Viacom’s nets are far underperforming the […]
Time Warner (TWX) reported better than expected 1Q09 results. Headline financial numbers of 35 cents, $6.95 billion in revenue, and $1.56 billion in EBITDA each exceeded estimates. On its own, the financial performance would have been enough to push the stock higher. However, news that an AOL spin has moved to the front burner added […]
Comcast reports 1Q09 results before the open on Thursday. Analysts expectations are for a mid single digit increase in revenue and EBITDA with strong free cash flow performance. Headline numbers should be 23 cents in EPS on revenues of $8.76 billion. Investors will be looking for two takeaways from the numbers and call. First, subscriber […]
Viacom is expected to report 1Q09 EPS of 26 cents on revenue $2.97 billion. Both figures produce negative year –over-year growth as the company struggles with weak ratings at its TV networks, higher programming expenses to fix the ratings, and continued lagging performance for its film studio. Despite bleak fundamentals, the stock has rallied sharply […]
I sold all Northlake positions in NII Holdings (NIHD) this morning in response to the threat that swine flu could have on the company’s business and reported financial results. The stock has rebounded about 60% off its low from a month ago as investors were beginning to again appreciate the strong organic growth profile of […]
Office
20 N 3rd Street
Bayfield, WI 54814
Mail
PO Box 1165
Bayfield, WI 54814
tim@northlakecapital.com
847-226-9713
