Knight Ridder (KRI) reported results in line with reduced expectations following management’s lower guidance a month ago. Excluding unusual items EPS came in at 67 cents, down 18% from a year ago. Revenue was flat and shares outstanding were down about 10% so the problem in the quarter relative to its industry peers was on […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2005-10-17 10:02:492026-03-17 17:04:11Knight-Ridder: Cheap But No Earnings Growth
Although I rarely make a trade intra-month in Northlake’s model driven ETF investments, last Wednesday morning I moved half of the small cap value exposure to large cap value. This resulted in a swap of the Russell 2000 Value ETF (IWN) into the Russell 1000 Value ETF (IWD)….
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2005-10-17 09:14:552026-03-17 17:04:11Swapping Some Small Cap For Large Cap
In the extended comments section at the bottom of this post is the commentary I wrote for StreetInsight.com immediately following Apple Computer’s conference call discussing its September quarterly earnings. As it turned out, I was right that the Street was overreacting when the shares were trading down 10% in after hours trading during the conference […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2005-10-16 12:09:342026-03-17 17:04:11An Exciting and Illuminating Week for Apple Computer
E.W. Scripps (SSP) reported earnings in line with consensus but stronger than I had been anticipating. I came quite close to buying October or November at the money puts yesterday but in the end I decided against. As noted in my preview comment, I have a growing concern that fundamentals of the cable network business […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2005-10-14 11:07:372026-03-17 17:04:11E.W. Scripps: No Sign of Weakness Yet at Cable Networks
Tribune (TRB) are up over 2% since reporting 3Q05 earnings and conducting a conference call on Thursday morning before the open. The key takeaway from the report and call is that TRB is putting its unique issues in the past and the company’s fortunes will begin to closely track the newspaper industry. Given poor trends […]
Gannett (GCI) shares initially bounced about 1% off of depressed levels in response to the company’s 3Q05 earnings report before retreating to new lows as the market fell on Tuesday and Wednesday. The quarter was pretty much in line with expectations and no unexpected news came out on the conference call….
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2005-10-12 14:53:492026-03-17 17:04:11Gannett 1Q Results: Nothing To Get Excited About
Quick Summary: Earnings estimates have come down steadily all year and several companies have pre-announced earnings misses for 3Q05. The stocks should be trading well below historical multiples even if you believe that certain issues are cyclical. It is still too soon to take long positions in the group even though most of the stocks […]
Monday’s close on the S&P 500 was the lowest since May 18th. That is not what I wanted to talk about today but I was a little surprised as I scanned back that I had to go back almost five months to find the last lower close. Ouch. Bye-bye to all those summer gains. I […]
Shortly after the open Thursday, I completed the purchase of a position in the Japanese stock market across all client accounts. The purchase was completed through the exchange traded fund that tracks the major Japanese market index. The ticker symbol is EWJ. Certain clients had owned Japan previously as part of a group of ETFs […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2005-10-10 10:03:312026-03-17 17:04:11Japan On the Mend: Going Long
On Monday, SBS Broadcasting (SBTV) shareholders approved the deal to sell the company to private equity investors for 46 euros per share. According to the press release issued by the company, the deal is expected to close in late October. Sometime later this month, before final closing, the company will establish a record date for […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2005-10-06 12:37:382026-03-17 17:04:11SBS Broadcasting Shareholders Approve Sale of Company
Knight-Ridder: Cheap But No Earnings Growth
Knight Ridder (KRI) reported results in line with reduced expectations following management’s lower guidance a month ago. Excluding unusual items EPS came in at 67 cents, down 18% from a year ago. Revenue was flat and shares outstanding were down about 10% so the problem in the quarter relative to its industry peers was on […]
Swapping Some Small Cap For Large Cap
Although I rarely make a trade intra-month in Northlake’s model driven ETF investments, last Wednesday morning I moved half of the small cap value exposure to large cap value. This resulted in a swap of the Russell 2000 Value ETF (IWN) into the Russell 1000 Value ETF (IWD)….
An Exciting and Illuminating Week for Apple Computer
In the extended comments section at the bottom of this post is the commentary I wrote for StreetInsight.com immediately following Apple Computer’s conference call discussing its September quarterly earnings. As it turned out, I was right that the Street was overreacting when the shares were trading down 10% in after hours trading during the conference […]
E.W. Scripps: No Sign of Weakness Yet at Cable Networks
E.W. Scripps (SSP) reported earnings in line with consensus but stronger than I had been anticipating. I came quite close to buying October or November at the money puts yesterday but in the end I decided against. As noted in my preview comment, I have a growing concern that fundamentals of the cable network business […]
Tribune: Addressing Unique Issues But Industry Challenges Remain
Tribune (TRB) are up over 2% since reporting 3Q05 earnings and conducting a conference call on Thursday morning before the open. The key takeaway from the report and call is that TRB is putting its unique issues in the past and the company’s fortunes will begin to closely track the newspaper industry. Given poor trends […]
Gannett 1Q Results: Nothing To Get Excited About
Gannett (GCI) shares initially bounced about 1% off of depressed levels in response to the company’s 3Q05 earnings report before retreating to new lows as the market fell on Tuesday and Wednesday. The quarter was pretty much in line with expectations and no unexpected news came out on the conference call….
Extra, Extra: Newspaper Stocks Face Long-Term Challenges
Quick Summary: Earnings estimates have come down steadily all year and several companies have pre-announced earnings misses for 3Q05. The stocks should be trading well below historical multiples even if you believe that certain issues are cyclical. It is still too soon to take long positions in the group even though most of the stocks […]
M&A Might Drive Interest in Media Stocks
Monday’s close on the S&P 500 was the lowest since May 18th. That is not what I wanted to talk about today but I was a little surprised as I scanned back that I had to go back almost five months to find the last lower close. Ouch. Bye-bye to all those summer gains. I […]
Japan On the Mend: Going Long
Shortly after the open Thursday, I completed the purchase of a position in the Japanese stock market across all client accounts. The purchase was completed through the exchange traded fund that tracks the major Japanese market index. The ticker symbol is EWJ. Certain clients had owned Japan previously as part of a group of ETFs […]
SBS Broadcasting Shareholders Approve Sale of Company
On Monday, SBS Broadcasting (SBTV) shareholders approved the deal to sell the company to private equity investors for 46 euros per share. According to the press release issued by the company, the deal is expected to close in late October. Sometime later this month, before final closing, the company will establish a record date for […]