Despite a weaker than expected opening for Mission: Impossible III, the weekend box office rose 24% against easy year ago comparisons. Based on the data I use from BoxOfficeMojo.com, the box office is up more than 6% so far this year. With price increases running at less than 5%, this implies that attendance is growing […]
Disney (DIS) reports its 2Q06 after the close on Tuesday. Consensus calls for 31 cents against 32 cents a year ago. DIS has forecast a backend loaded year leading to a fourth straight year of 10% growth. The shares have acted well all year so there is little concern about the flat year-over-year growth forecast […]
NTL Incorporated (NTLI) shares have held onto most of their gains following the early March closure of the company’s merger with Telewest. Since that time, the company has also formally announced its merger with Virgin Mobile that is schedule to close in June. NTLI reports tomorrow and the focus will be on cost reductions related […]
The company’s 2006 guidance is actually quite a bit below my prior expectations due to a complete restructuring at TV Nova in the Czech Republic and higher than expected losses at the start-up in Croatia. These two negative factors are partially mitigated by continued outstanding growth in Romania and Ukraine where results in 1Q and […]
Warner Music (WMG) reported very strong March quarter results this morning. EMI, which is trying to buy the company, now has extra incentive to raise its price slightly. The combination of good earnings and takeover interest should keep WMG shares at current levels or slightly higher. Upside is limited, however, as a buyout is unlikely […]
Bidders for Univision (UVN) won’t have to adjust their models very much based upon the company’s 1Q06 earnings report. Revenues were about $10 million light, but margins were better than expected so EBITDA slightly exceeded estimates. EPS also beat by a couple of pennies. Specifically, revenue was $49 million against consensus of $460 million, EBITDA […]
I think the numbers from DirecTV (DTV) look pretty good. The results support the company’s new strategy to focus on profitable growth even if it means slightly slower subscriber growth. Gross adds did come in a little light at 919,000 vs. estimates of around 1 million. However, the focus on retaining and attracting better quality […]
Here are the comments I wrote yesterday as soon as I got off the CETV conference call. I’ll post a more complete analysis Monday morning after I finish updating my spreadsheet and checkng withmy contacts: I just got off the Central European Media (CETV) conference call. The shares are trading up, recouping some of the […]
Jim Cramer mentioned NTL Incorporated (NTLI) bullishly last night on Mad Money, including a mention of my analysis on StreetInsight.com that is also posted here. With Cramer putting the stock in the news, I wanted to mention that the company recently announced it will report before the open next Tuesday, May 9. Additionally, at least […]
Central European Media Enterprises (CETV) reports before the open tomorrow. The company should also provide full year 2006 guidance and possibly comments on 2007. I am confident in the 2006 and 2007 outlook, however, I think the first quarter holds the potential to disappoint some investors and create skepticism that the full year guidance will […]
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