NII Holdings reported about ten days ago while I was on a plane to NY to visit CETV. The report occurred right as the market was in its most depressed state which was unfortunate as the results were quite good. As soon as I got off the plane I looked at my email to see […]
Time Warner reported solid 3Q08 results given the economic environment. The stock is reacting positively against a weak market to start the day. The good news is that (1) Turner Networks continue to provide upper single digit growth, (2) Time Warner Cable is showing expected resiliency given the utility like nature of its business, and […]
This excerpt from the Wall Street Journal is interesting as it pertains to CETV: “But it’s not just tough conditions that explain the slack sales of L’Oreal’s cosmetics and its profit warning. That performance contrasts with robust sales and outlooks at Colgate-Palmolive and Unilever, more diverse rivals selling cheaper personal-care products. L’Oreal may have simply […]
Over the past eight days, CETV held its annual analyst meeting and reported its 3Q08 results. These events seem to have halted the punishing decline in the shares which fell from the upper $60s at the end of September to a low of $18 this past Tuesday. As f this writing the stock has rebounded […]
I am heading to NY Thursday morning to attend CETV’s annual analyst meeting which convenes at noon. CETV has long been my favorite stock (since 2001) offering a combination of growth, value, and superb management. However, over the last four months the stock has been an absolute disaster. First, investors lost confidence in advertising growth […]
As I leave the office after the Apple call wraps up on Tuesday night, the stock is trading at $102, up a little over $10 from the NY close, regaining more than the $7 loss during regular hours. I posted the big news on the call while it was still going on (immediately below). Steve […]
He’s alive. He sounds vibrant. Very upbeat on iPhone and notebooks. Discussing economy which he says is impossible to predict but company positioning provides some insulation. Very confusing numbers because of subscription accounting. This could be impacting GAAP guidance based on a revenue per iPhone calculation. Jobs mentions possibility of using cash on acquisitions. $25 […]
Apple reports its September quarter earnings tonight after the market closes. However, the key to the stock price will be the December quarter guidance. Given that Apple guides below consensus most of the time, I think anything close to consensus of $10.57 billion in revenue and $1.65 in EPS will be well received. Obviously, the […]
After many months of monitoring and researching, I finally got long Discovery Communications in Northlake client accounts on Friday. The shares are temporarily trading under the tickers DISAD (voting) and DISCK (non-voting). In twenty days DISAD will revert to DISCA. There is also an illiquid class of super voting DISCB shares. New DISAD/DISCA shares no […]
The recovery in American Apparel continues as the stock crossed $10 yesterday for the first time since the beginning of April. The stock bottomed out below $6 in late July and August. The latest catalyst was August comp stores sales which reported yesterday at 31%! APP has been comping at or above this level all […]
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