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 […]
Looks like I got a bit lucky with the timing of last week’s sale of Northlake’s remaining position in Rogers Communication (RCI). On Friday, it was reported that Telus and Bell Canada will be building a competitive HSPDA network that could undercut Rogers monopoly on high end customers and roaming. The stock got clipped on […]
It me a full month to complete the sale of Rogers Communications across all Northlake client accounts. Here is a link to my post following the initial sales. The post explains the rationale for exiting the position. Besides the research, clients should take away a couple of things form the sale of Rogers. First, when […]
Central European Media Enterprises (CETV) shares sold off heavily last Tuesday, dropping over 10% mid-day and closing down about 7% to set a new 52 week low. A number of factors are at work: worries about Russia’s intentions towards Ukraine, dollar strength, emerging market GDP worries, lousy emerging market stock markets, fears about an expensive […]
One of Northlake’s biggest portfolio headaches is a lot better today. Pain relief came in the form of very solid quarter from American Apparel (APP). 2Q results were inline to a bit better than the few analyst estimates. Revenues of $133 million exceeded the estimate of $126 million. EPS of 10 cents matched estimates despite […]
Following completion of Time Warner’s 2Q08 conference call I purchased the stock widely across the Northlake client base and in my personal accounts. The purchase is based on my new, more bullish view of the company’s prospects over the next 12 months. TWX finally seems to be emerging from a prolonged period of restructuring and […]
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