Below are two comments I wrote for StreetInsight.com in the hours following Sears Holdings (SHLD) earnings report. Overall, the quarter was OK but left some room for those bearish on the story due to the weak positioning of both Sears and KMart. THe pullback is understandable and reasonable in this context. Initial Comment, 8:08AM Central […]
Sears Holdings (SHLD) reports before the open tomorrow. In fact, it will probably have reported by the time you read this. The company doesn’t host a conference call. All we get is the financials and a press release with some commentary. The limited information flow, the stocks high price and high volatility, and the ongoing […]
Shares of NTL Incorporated got a well deserved 5% spanking yesterday after last week’s rumors of the company’s interest in a takeover of leading UK broadcaster ITV apparently turned into reality. UK newspapers are reporting that NTL will offer about $9 billion for ITV or roughly 13 times 2007 EBITDA estimates. NTLI shares are now […]
4Q06 earnings from Disney (DIS) left open the debate over whether the company ‘s four year string of double digit operating income growth is about to come to and end. With DIS shares are a premium to other diversified media conglomerates, a premium earned by the company’s outstanding performance the last few years, the FY07 […]
Disney (DIS) reported strong 4Q06 earnings. EPS of 36 cents compared to a rising 33 cent consensus and revenues of $8.8 billion were ahead of the consensus estimate of $8.7 billion. Segment level results were as good as or better than expected across the board with particular strength in Studio Entertainment and Theme Parks. Despite […]
Despite the extremely negative stock price action, I found Central European Media Enterprises (CETV) Q06 earnings report to be quite good. Good enough, in fact, to use the weakness to add CETV to some brand new accounts. I have spoken with company, several street analysts, and one of the major shareholders and all agree that […]
NTL Incorporated (NTLI) reported mixed 3Q results yesterday. I feel the details are worse than the optimistic tone management had used during several recent Wall Street appearances but I understand why the market did not seem concerned. NTLI reported flat revenue growth and low single digit growth in EBITDA in its core consumer cable operations. […]
Disney (DIS) is expected to report strong 4Q06 earnings to wrap up its fourth consecutive year of double digit EPS growth. EPS are expected at 33 cents on revenues of $8.69 billion. The EPS comparison would represent growth of 43% against an easy comparison a year ago when $300 million in losses were recognized at […]
I see little impact from Q06 results from Cablevision (CVC), either on CVC or on the broader cable industry. The company’s results were very close to consensus estimates with revenues rising 13% and EBITDA rising 16%. Subscriber metrics look a little below expectations for high speed data and digital TV but analysts didn’t seem too […]
Tomorrow, I expect Central European Media Enterprises (CETV) to report another strong quarter in its seasonally weak 3Q. Romania and Ukraine will again be the growth engines but the big story will be the turnaround at TV Nova in the Czech Republic. In 1H06, CETV reset expectations and initiated a new strategy at Nova designed […]
Office
20 N 3rd Street
Bayfield, WI 54814
Mail
PO Box 1165
Bayfield, WI 54814
tim@northlakecapital.com
847-226-9713
