ATVI announced results that came in above street expectations on the top and bottom line, and raised full year guidance for both as well. The stock reacted positively and broke out of its recent trading range to the upside. ATVI continues to make progress transitioning their business model to focus on high-margin digital sales driving […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2015-05-11 19:28:262026-03-17 16:53:20Activision Benefits from Robust Product Pipeline, Shift to Digital
It was quarter at Liberty Media (LMCA/LMCK) and Liberty Broadband (LBRDA/LBRDK). This was no surprise at Media as the slimmed down company is mostly now just a holding company for its 58% stake in Sirius XM Satellite Radio (SIRI). SIRI had already reported a strong first quarter, including raising full year guidance on a number […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2015-05-11 19:18:472026-03-17 16:53:21Fairly Quiet at Liberty Media and Liberty Broadband
La Quinta Holdings (LQ) reported strong results for 1Q15, beating street expectations on revenue and adjusted EBITDA. LQ raised the low end of their adjusted EBITDA guidance, reflecting management’s confidence that results for the rest of the year will continue to be strong. Shares of LQ responded positively and reached a new 52-week high the […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2015-05-11 18:22:172026-03-17 16:53:21La Quinta Driving Towards Capital Returns
It is back to business as usual at Comcast (CMCSK) and investors have no reason to not like that. The now scuttled acquisition of Time Warner Cable is definitely a lost opportunity but Comcast retains many strengths. We always viewed the acquisition as a “nice to have” as opposed to a “need to have.” Comcast’s […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2015-05-11 18:10:552026-03-17 16:53:21Business as Usual is Good Business at Comcast
ClubCorp (MYCC) reported another boring but efficient quarter. Headline results were boosted by the acquisition of Sequoia Golf last year but growth in same club revenue of 2.8% and same club EBITDA of 8.6% were at least as good as expected. Membership also continues its steady march higher with consistent 1% gains annually. Northlake was […]
Disney (DIS) reported another great quarter, comfortably beating analyst estimates. The song remains much the same with the power of Disney’s content engine driving growth through the company’s theme parks, TV networks, consumer products, and film studio. With a seemingly can’t miss lineup of franchise films including Avengers, Star Wars, Ant Man, and two Pixar […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2015-05-11 16:08:022026-03-17 16:53:21Disney Remains Driven By Popular Content
Liberty Global (LBTYK) reported a sloppy set of 1Q15 results mostly explained by difficult comparison based on one-time items. Management reiterated all of its 2015 guidance for revenue, operating cash flow (OCF), free cash flow (FCF), and subscriber growth. Nevertheless, these results clipped the stock by 3% and it seems likely that the shares will […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2015-05-11 13:03:272026-03-17 16:53:21Transitional Quarter for Liberty Global
Northlake’s Market Cap and Style models are sticking with their recommendations of mid cap and large cap growth. As a result, client positions that follow the models will remain invested in the S&P 400 Mid Cap (MDY) and the Russell 1000 Growth (IWD) for at least another month. The Market Cap model moved very slightly […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2015-05-01 19:57:002026-03-17 16:53:21Mid Cap and Large Cap Growth Remain the Favorites
Apple (AAPL) reported another strong quarter driven by the incredible success of iPhone6 and 6 Plus. Not that long ago, the debate surrounding the iPhone was whether Apple needed a lower end phone to sell in emerging markets. Apparently, the missing ingredient was larger screen sizes. AAPL sold 61.5 million iPhones in the March quarter, […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2015-04-28 19:22:232026-03-17 16:53:21iPhone 6 Cycle Powers Apple: Now and In Future
Google (GOOG/GOOGL) shares responded favorably to its latest quarterly earnings report, rising over 3% on the first day of post-earnings trading. The results were largely in line with Wall Street expectations, coming as a relief to many investors who feared worse due to difficult foreign exchange headwinds, slowing growth in search, and the shift in […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2015-04-27 16:13:172026-03-17 16:53:21OK Google Quarter, Next One Could Be Crucial
Activision Benefits from Robust Product Pipeline, Shift to Digital
ATVI announced results that came in above street expectations on the top and bottom line, and raised full year guidance for both as well. The stock reacted positively and broke out of its recent trading range to the upside. ATVI continues to make progress transitioning their business model to focus on high-margin digital sales driving […]
Fairly Quiet at Liberty Media and Liberty Broadband
It was quarter at Liberty Media (LMCA/LMCK) and Liberty Broadband (LBRDA/LBRDK). This was no surprise at Media as the slimmed down company is mostly now just a holding company for its 58% stake in Sirius XM Satellite Radio (SIRI). SIRI had already reported a strong first quarter, including raising full year guidance on a number […]
La Quinta Driving Towards Capital Returns
La Quinta Holdings (LQ) reported strong results for 1Q15, beating street expectations on revenue and adjusted EBITDA. LQ raised the low end of their adjusted EBITDA guidance, reflecting management’s confidence that results for the rest of the year will continue to be strong. Shares of LQ responded positively and reached a new 52-week high the […]
Business as Usual is Good Business at Comcast
It is back to business as usual at Comcast (CMCSK) and investors have no reason to not like that. The now scuttled acquisition of Time Warner Cable is definitely a lost opportunity but Comcast retains many strengths. We always viewed the acquisition as a “nice to have” as opposed to a “need to have.” Comcast’s […]
ClubCorp Acquistions Paying Off
ClubCorp (MYCC) reported another boring but efficient quarter. Headline results were boosted by the acquisition of Sequoia Golf last year but growth in same club revenue of 2.8% and same club EBITDA of 8.6% were at least as good as expected. Membership also continues its steady march higher with consistent 1% gains annually. Northlake was […]
Disney Remains Driven By Popular Content
Disney (DIS) reported another great quarter, comfortably beating analyst estimates. The song remains much the same with the power of Disney’s content engine driving growth through the company’s theme parks, TV networks, consumer products, and film studio. With a seemingly can’t miss lineup of franchise films including Avengers, Star Wars, Ant Man, and two Pixar […]
Transitional Quarter for Liberty Global
Liberty Global (LBTYK) reported a sloppy set of 1Q15 results mostly explained by difficult comparison based on one-time items. Management reiterated all of its 2015 guidance for revenue, operating cash flow (OCF), free cash flow (FCF), and subscriber growth. Nevertheless, these results clipped the stock by 3% and it seems likely that the shares will […]
Mid Cap and Large Cap Growth Remain the Favorites
Northlake’s Market Cap and Style models are sticking with their recommendations of mid cap and large cap growth. As a result, client positions that follow the models will remain invested in the S&P 400 Mid Cap (MDY) and the Russell 1000 Growth (IWD) for at least another month. The Market Cap model moved very slightly […]
iPhone 6 Cycle Powers Apple: Now and In Future
Apple (AAPL) reported another strong quarter driven by the incredible success of iPhone6 and 6 Plus. Not that long ago, the debate surrounding the iPhone was whether Apple needed a lower end phone to sell in emerging markets. Apparently, the missing ingredient was larger screen sizes. AAPL sold 61.5 million iPhones in the March quarter, […]
OK Google Quarter, Next One Could Be Crucial
Google (GOOG/GOOGL) shares responded favorably to its latest quarterly earnings report, rising over 3% on the first day of post-earnings trading. The results were largely in line with Wall Street expectations, coming as a relief to many investors who feared worse due to difficult foreign exchange headwinds, slowing growth in search, and the shift in […]