Liberty Media reported results following its split into three tracking stocks. Northlake sold the shares that track ownership of the Atlanta Braves, the team’s new stadium, and the real estate development adjacent to the stadium. We continue to hold shares in Liberty Sirius (LSXMA/LSXMK) and Liberty Media (LMCA/LMCK). We read nothing in the quarterly reports […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2016-05-11 15:21:112026-03-17 16:52:47Liberties on Plan Post Trackers
Activision Blizzard (ATVI) bounced back from a disappointing end to 2015 with a strong beat on sales and earnings in the first quarter of 2016. ATVI also increased guidance for 2016. Based on the first quarter and management commentary on the conference call, we believe analyst estimates could be revised higher throughout the year as […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2016-05-11 14:54:502026-03-17 16:52:47Activision Blizzard Gets Back on Track
Comcast (CMCSA) reported another good quarter, seemingly a habit for the company. Against a lot of noise and negative headline regarding cord cutting, cord shaving, anti-cable regulation, and technological change, the company continues to execute superbly. The latest quarterly results were issued almost simultaneously with the acquisition of DreamWorks Animation (DWA). CMCSA paid a steep […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2016-05-02 16:14:472026-03-17 16:52:47Despite a Wall of Worry, Comcast Continues to Perform
Apple (AAPL) reported a disappointing quarter and issued guidance for the June quarter that was below expectations. Missing the quarter on revenue and EPS is highly unusual for Apple. There have been times in the past where guidance was considered disappointing but missing against consensus expectations on revenue and EPS is unusual. Shipments of iPhones […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2016-05-02 15:51:112026-03-17 16:52:47Lots of Bruises on Apple
In our initial blog post on Facebook (FB), we noted that the shares could reach $140 based on $4.00 in EPS power in 2017. After another blowout quarter in 1Q16, 2017 estimates now average over $4.50. Our confidence in the $140 price target has risen and that level may prove conservative. FB reported revenue growth […]
ClubCorp (MYCC) reported another solid quarter further putting to bed the bear case that has led the stock to decline by more than 30% in 2016. The concerns have revolved around the Texas economy, membership trends, lack of margin expansion and return on recent acquisitions, high debt levels, and declining participation in golf. Each of […]
Northlake’s Market Cap model shifted to mid cap from large cap for May. As a result, client holdings in the S&P 500 that are linked to the model will be sold and proceeds reinvested in the S&P 400 Mid Cap (MDY). There is no change to the neutral reading from the Style model, so client […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2016-05-02 13:51:172026-03-17 16:52:47Mid Cap Favored for May
Google (GOOG/GOOGL) reported slightly disappointing revenue and lower than expected EPS against elevated street expectations for 1Q16. The shares are trading down by -5-6% this morning. The decline in the stock is understandable but Northlake does not feel there is much to worry about in terms of the key trends that drive Google’s business. We […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2016-04-22 15:44:072026-03-17 16:52:47Sticking with Google
Effective this past Monday, Liberty Media completed its restructuring into three tracking stocks. For each share of Liberty Media (LMCA/LMCK), you received one share of Liberty Sirius (LSXMA/LSXMK), 0.10 shares of Liberty Braves (BATRA/BATRK), and 0.25 shares of new Liberty Media (LMCA/LMCK). Liberty Media is a collection of media and entertainment assets managed by John […]
Northlake’s Style model flipped to neutral after a three month run favoring growth. As a result, 50% of client positions in the Russell 1000 Growth (IWF) have been with proceeds were reinvested in the Russell 1000 Value (IWD). The Market Cap model continues to recommend large cap, so current client holdings in the S&P 500 […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2016-04-01 15:21:132026-03-17 16:52:47Shifting to Neutral on Growth vs. Value
Liberties on Plan Post Trackers
Liberty Media reported results following its split into three tracking stocks. Northlake sold the shares that track ownership of the Atlanta Braves, the team’s new stadium, and the real estate development adjacent to the stadium. We continue to hold shares in Liberty Sirius (LSXMA/LSXMK) and Liberty Media (LMCA/LMCK). We read nothing in the quarterly reports […]
Activision Blizzard Gets Back on Track
Activision Blizzard (ATVI) bounced back from a disappointing end to 2015 with a strong beat on sales and earnings in the first quarter of 2016. ATVI also increased guidance for 2016. Based on the first quarter and management commentary on the conference call, we believe analyst estimates could be revised higher throughout the year as […]
Despite a Wall of Worry, Comcast Continues to Perform
Comcast (CMCSA) reported another good quarter, seemingly a habit for the company. Against a lot of noise and negative headline regarding cord cutting, cord shaving, anti-cable regulation, and technological change, the company continues to execute superbly. The latest quarterly results were issued almost simultaneously with the acquisition of DreamWorks Animation (DWA). CMCSA paid a steep […]
Lots of Bruises on Apple
Apple (AAPL) reported a disappointing quarter and issued guidance for the June quarter that was below expectations. Missing the quarter on revenue and EPS is highly unusual for Apple. There have been times in the past where guidance was considered disappointing but missing against consensus expectations on revenue and EPS is unusual. Shipments of iPhones […]
Facebook Momentum Continues Unabated
In our initial blog post on Facebook (FB), we noted that the shares could reach $140 based on $4.00 in EPS power in 2017. After another blowout quarter in 1Q16, 2017 estimates now average over $4.50. Our confidence in the $140 price target has risen and that level may prove conservative. FB reported revenue growth […]
ClubCorp Results Continue to Affirm Bull Case
ClubCorp (MYCC) reported another solid quarter further putting to bed the bear case that has led the stock to decline by more than 30% in 2016. The concerns have revolved around the Texas economy, membership trends, lack of margin expansion and return on recent acquisitions, high debt levels, and declining participation in golf. Each of […]
Mid Cap Favored for May
Northlake’s Market Cap model shifted to mid cap from large cap for May. As a result, client holdings in the S&P 500 that are linked to the model will be sold and proceeds reinvested in the S&P 400 Mid Cap (MDY). There is no change to the neutral reading from the Style model, so client […]
Sticking with Google
Google (GOOG/GOOGL) reported slightly disappointing revenue and lower than expected EPS against elevated street expectations for 1Q16. The shares are trading down by -5-6% this morning. The decline in the stock is understandable but Northlake does not feel there is much to worry about in terms of the key trends that drive Google’s business. We […]
Liberty Media Restructures
Effective this past Monday, Liberty Media completed its restructuring into three tracking stocks. For each share of Liberty Media (LMCA/LMCK), you received one share of Liberty Sirius (LSXMA/LSXMK), 0.10 shares of Liberty Braves (BATRA/BATRK), and 0.25 shares of new Liberty Media (LMCA/LMCK). Liberty Media is a collection of media and entertainment assets managed by John […]
Shifting to Neutral on Growth vs. Value
Northlake’s Style model flipped to neutral after a three month run favoring growth. As a result, 50% of client positions in the Russell 1000 Growth (IWF) have been with proceeds were reinvested in the Russell 1000 Value (IWD). The Market Cap model continues to recommend large cap, so current client holdings in the S&P 500 […]