One of the reasons that Regal Entertainment (RGC) shares have risen 10% since mid-December and consistently been on the 52 week high list is the pending IPO of its 41% owned joint venture, National Cinemedia (NCMI). NCMI completed a filing last week indicating that the IPO is imminent. I think NCMI is an attractive investment […]
E.W. Scripps (SSP) is trading at a 52 week high following the company’s announcement that it is considering alternatives for its newspaper business. This is a big change for SSP which has denied for many years its interest in divesting its newspapers or TV stations. Newspapers represent a little over 20% of SSP’s 2007 estimated […]
NII Holdings (NIHD) rebounded nicely yesterday (and even more today) but I want to expand on some of the reasons the stock sold off since its December peak providing the buying opportunity I had been waiting for since the big move up following the company’s presentation at the UBS Conference. Lehman Brothers was out with […]
There is no doubt that the new iPhone from Apple, Inc. (AAPL) – they officially changed their name yesterday by dropping “computer” – has a serious WOW! factor. The product is substantially beyond any expectations and easily supports the 8% gain in APPL shares yesterday. Make sure to head over to Apple’s website and check […]
Endeavor Acquisition Corporation (EDA) gained its first analyst coverage which not surprisingly was a buy rating. Lazard picked up EDA with Buy rating and a $13 target price. I haven’t seen the report but apparently it talks about EDA as a play on the growth of American Apparel. One of my reasons for entering the […]
Rogers Communications (RG) shares began trading on a 2 for 1 split adjusted basis yesterday when the company also announced preliminary 4Q06 subscriber statistics for their wireless and cable operations. Wireless subscriber growth was in line with Street estimates with a surprisingly low churn rate. Low churn ahead of the pending roll out of number […]
I have to admit that I am flying a little blind on Northlake’s long position in Endeavor Acquisition Corporation (EDA), the blank-check company that has agreed to purchase American Apparel. Usually, I like to have an analyst report or two to review before making a new purchase but EDA had no coverage before it announced […]
One of my favorite presentations at December’s UBS Media & Communications Conference was from NII Holdings (NIHD). NIHD offers wireless telephone service using Nextel’s iDEN standard in Mexico, Brazil, Argentina, and Peru. NIHD has approximately 3.2 million subscribers, primarily serving the business market. I was interested in buying NIHD as soon as I returned from […]
MacWorld convenes next week and expectations of investors for good news out of Apple Computer (AAPL) are high. The shares have bounced significantly off their late December lows following what appears to a great reduction in risk related to the options backdating issue – in other words, investors are betting that Steve Jobs is safe […]
Good breadth of popular movies appealing to all the major movie-going demographics allowed the box office to recover during the holiday season, pulling the fourth quarter to about breakeven with 2005 according to data from BoxOfficeMojo.com. The final weekend of the year, including January 1st, saw box office receipts rise 15%, building on a gain […]
Office
20 N 3rd Street
Bayfield, WI 54814
Mail
PO Box 1165
Bayfield, WI 54814
tim@northlakecapital.com
847-226-9713
