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 […]
Time Warner (TWX) reports its first quarter since completion of its restructuring on Wednesday morning. The company no longer owns cable systems and is not a content focused company with greater than 2/3rds of operating income coming from film and TV production and cable networks. Consensus estimates call for EPS of 38 cents, revenue of […]
NII Holdings reported better than expected 1Q09 earnings today. I have been torn on this stock for months, particularly since the company pre-announced lower than expected subscriber counts a couple of weeks ago. The quarter has pushed me to the bullish camp and I now plan to hold the shares. EPS of 43 cents beat […]
Apple reported another blowout quarter with revenues and gross margins far exceeding expectations and driving EPS to $1.33 vs. consensus of $1.09 and whisper numbers in the $1.15 to $1.20 range. Guidance is typically conservative and about 10% below current analyst estimates which is normal. There is really very little to complain about. In my […]
Apple reports its 2Q09 results after the close on Wednesday. As usual with Apple the stock will react to guidance unless the quarterly numbers are a major surprise. The stock has rallied sharply this year, up about 40%. This dramatically raises the expectations bar for short-term traders. In addition, good results and a huge stock […]
Apple reports its March quarter next week. The stock sits near its 2009 high, up about 40%. Each time the stock has pulled back buyers show up and take it right back up. Recently, the chatter on the street has been bullish as iPhone and Mac demand appears to be holding up better than expected. […]
Discovery Communications (DISCA) has been one Northlake’s best performing stocks. The stock was purchased in mid-September prior to the market crash at $16.50. Today, I trimmed the position across most client accounts at $17.83. Pretty amazing that any stock, let alone a media stock, is above its pre-crash level. With most all other holdings down […]
Pretty much everyone is now expecting a June introduction of a new iPhone model. Most people expect an upgrade to the 3G but a few hold out for a second form factor that would have a lower price and allow cheaper data plans. Rumors are rampant about upgraded production schedules in the Far East. Most […]
I’ve written catuious commentary since Monsters vs. Aliens opened to $59 million in North America, in line with analyst estimates. The second weekend saw a drop of 45%, which is on the high side. The film is tracking close to Ice Age 2 over the past week but is $10 million behind overall. Ice Age […]
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