This story from BroadbandTVNews.com caught my eye: The Serbian Pink media group has set its sights on the Croatian national commercial station Nova TV. Speaking during a visit to Zagreb, the group’s owner Zeljko Mitrovic said he had sent a letter of intent to the owners of Central European Media Enterprises (CETV) backed Nova TV […]
I am not sure what to make of this but last week two separate reports surfaced about heavy buying of NTL call options. Here is the comment that appeared on StreetInsight.com: U.K. based media company NTL Holdings (NTLI-$27) is trading almost 8 times its average daily call option volume today, with over 9,000 contracts changing […]
In a post yesterday on Real Money, my colleague Jim Cramer noted that despite massive sell-offs in equity markets in Brazil and India, he wasn’t yet seeing any real weakness in the fundamentals for either economy. I think Jim’s comments probably go beyond Brazil and India to include most other emerging markets. Of course, a […]
If this summer is “the last stand” for the box office bulls, the third installment of the X-Men franchise should make shorts nervous. Debuting as the 5th best four day opening, the 4th best three day opening, and the second largest Friday opening, X3 racked up $120 million over the Memorial Day weekend. Along with […]
My friend and fellow money manager, Doug Kass, is making a good call to short Dreamworks Animation (DWA) on the back of less than stellar box office for Over The Hedge. There are no catalysts for DWA unless the film does surprisingly well this weekend. Short of buyout rumors becoming reality I see little upside […]
The Da Vinci Code grossed $8.9 million Monday. That is very strong, 11th all-time for a Monday according to MovieCityNews.com, trailing only franchises like Star Wars and Lord of the Rings. I had been thinking the $77 million opening might lead to a low $200 million domestic run but based on the Monday figure, a […]
Central European Media Enterprises (CETV) shares fell 6% on Monday to close at $58.50. The stock got as low as $55.30, down more than 11%, before recovering. I was nibbling in the morning so I could add to positions in a few new client accounts where I was averaging down. You can take my willingness […]
Despite poor reviews, The Da Vinci Code exceeded estimates with weekend ticket sales of $77 million in North American theatres. The weekend gross exceeded estimates in place prior to poor reviews out of Cannes. Along with a solid performance from Over The Hedge and reasonable business from other films in wide release, the year-over-year decline […]
Sears Holdings (SHLD) will have reported earnings by the time you read this. Since I get a lot out of writing previews by setting my own expectations and understanding the setup in the shares, I am posting a preview anyhow. Hopefully, this note will help you put the reported figures in perspective. SHLD accelerated its […]
Poseidon sunk the box office as the big budget film flopped, bringing in just $20 million and opening in second place. Poor performance from Poseidon was the primary cause for an 8.4% decline in box receipts versus the same weekend a year ago. The negative comp broke a six weekend winning streak and the weak […]
Office
20 N 3rd Street
Bayfield, WI 54814
Mail
PO Box 1165
Bayfield, WI 54814
tim@northlakecapital.com
847-226-9713
