Yesterday morning on Twitter I noted that Steve Jobs was quoted in Apple’s press release announcing 1 million sales of the new iPhone 3Gs. I quickly completed a scan of Apple press releases going back to late March and found no other instance of Jobs being quoted. This morning, AppleInsider.com reported the same and stated […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2009-06-23 08:06:422026-03-17 16:56:15Strong Hints Jobs is Back Working at Apple
SNL Kagan, which publishes the Dow of Steve blog, recently had an article discussing lower prices initiated by apple in the Mac and iPhone product lines. The article fairly noted that the price cuts were in response to the weak consumer environment and tough competition while also noting that Apple still maintains its premium pricing […]
I took a new position in Liberty Media Entertainment Group (LMDIA) today. LMDIA is being acquired by DirecTV (DTV). LMDIA owns 54% of DTV along with several billion dollars in other assets composed primarily of the Starz movie channels, three regional sports networks, and cash. When the deal closes near year end, each LMDIA will […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2009-06-05 09:16:312026-03-17 16:56:15Liberty Media Entertainment: New Long Position Provides Cheap Play on DirecTV and Other Goodies
There are no changes to Northlake’s Market Cap and Style models for June. The signals remain small cap and growth. As a result, client positions in the Russell 2000 (IWM) and the Russell 1000 Growth (IWF) will be maintained. The Market Cap and Style models provide monthly signals projecting relative performance of small cap vs. […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2009-06-01 13:22:112026-03-17 16:56:15June 2009 Model Signals Still Favor Small Cap and Growth
I have been strongly in favor of a separation of AOL from Time Warner (TWX) for several years. I am not convinced there is much hidden value in AOL but getting rid of a management distraction and significant negative talking point for investors should be helpful to TWX’s stock valuation. In addition, AOL is has […]
Facing a very tough comparison driven by the $126 million open for Indiana Jones the Kingdom of the Crystal Skull a year ago, the weekend box office put in a reasonable performance, up 1.4% for the top 12 films for the 4-day holiday weekend. Analysts will give the weekend a pass but it fell modestly […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2009-05-25 17:26:002026-03-17 16:56:15Holiday Box Office Fizzles as Tough Comps Take Their Toll
Over the past few trading days, shares of the two major independent Hollywood studios have moved up sharply. Dreamworks Animation (DWA) is up four straight days for a total of 13%. Lionsgate (LGF) is up 16% over two days. Both stocks were unusually strong on Tuesday on well above average volume. Another studio in the […]
Last weekend is a good reminder of why box office analysis is not as simple as it seems. The overall weekend in North America was solid, up 5.4% for the top 12 films according to BoxOfficeMojo.com, the year –to-date comparison remains very strong at +15%. The summer season also remains strong, up 16.9% from the […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2009-05-17 19:09:542026-03-17 16:56:15Box Office Up Again But Story is Studios Not Theaters
CBS reported worse than expected 1Q09 results with EPS, revenue, and EBITDA each below estimates. However, Les Moonves spoke about improved advertising trends in the last few weeks and said “indications are we’ve seen the bottom of this downturn.” These comments echo those from Disney (DIS) and News Corporation (NWSA) when they reported earlier this […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2009-05-08 08:47:362026-03-17 16:56:15CBS Misses But Optimistic on Second Half
I sold all client and personal positions in Time Warner (TWX) on Thursday morning. The shares had rallied 39% since re-opening for trading following the completion of the spin-off from Time Warner Cable (TWC) on March 27th. Most of the TWX owned by Northlake was purchased in August 2008. Adjusted for the split from TWC, […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2009-05-07 13:11:332026-03-17 16:56:15Sold Time Warner
Strong Hints Jobs is Back Working at Apple
Yesterday morning on Twitter I noted that Steve Jobs was quoted in Apple’s press release announcing 1 million sales of the new iPhone 3Gs. I quickly completed a scan of Apple press releases going back to late March and found no other instance of Jobs being quoted. This morning, AppleInsider.com reported the same and stated […]
Apple as Religion
SNL Kagan, which publishes the Dow of Steve blog, recently had an article discussing lower prices initiated by apple in the Mac and iPhone product lines. The article fairly noted that the price cuts were in response to the weak consumer environment and tough competition while also noting that Apple still maintains its premium pricing […]
Liberty Media Entertainment: New Long Position Provides Cheap Play on DirecTV and Other Goodies
I took a new position in Liberty Media Entertainment Group (LMDIA) today. LMDIA is being acquired by DirecTV (DTV). LMDIA owns 54% of DTV along with several billion dollars in other assets composed primarily of the Starz movie channels, three regional sports networks, and cash. When the deal closes near year end, each LMDIA will […]
June 2009 Model Signals Still Favor Small Cap and Growth
There are no changes to Northlake’s Market Cap and Style models for June. The signals remain small cap and growth. As a result, client positions in the Russell 2000 (IWM) and the Russell 1000 Growth (IWF) will be maintained. The Market Cap and Style models provide monthly signals projecting relative performance of small cap vs. […]
Time Warner Officially Jettisons AOL
I have been strongly in favor of a separation of AOL from Time Warner (TWX) for several years. I am not convinced there is much hidden value in AOL but getting rid of a management distraction and significant negative talking point for investors should be helpful to TWX’s stock valuation. In addition, AOL is has […]
Holiday Box Office Fizzles as Tough Comps Take Their Toll
Facing a very tough comparison driven by the $126 million open for Indiana Jones the Kingdom of the Crystal Skull a year ago, the weekend box office put in a reasonable performance, up 1.4% for the top 12 films for the 4-day holiday weekend. Analysts will give the weekend a pass but it fell modestly […]
M&A Speculation Hits Hollywood
Over the past few trading days, shares of the two major independent Hollywood studios have moved up sharply. Dreamworks Animation (DWA) is up four straight days for a total of 13%. Lionsgate (LGF) is up 16% over two days. Both stocks were unusually strong on Tuesday on well above average volume. Another studio in the […]
Box Office Up Again But Story is Studios Not Theaters
Last weekend is a good reminder of why box office analysis is not as simple as it seems. The overall weekend in North America was solid, up 5.4% for the top 12 films according to BoxOfficeMojo.com, the year –to-date comparison remains very strong at +15%. The summer season also remains strong, up 16.9% from the […]
CBS Misses But Optimistic on Second Half
CBS reported worse than expected 1Q09 results with EPS, revenue, and EBITDA each below estimates. However, Les Moonves spoke about improved advertising trends in the last few weeks and said “indications are we’ve seen the bottom of this downturn.” These comments echo those from Disney (DIS) and News Corporation (NWSA) when they reported earlier this […]
Sold Time Warner
I sold all client and personal positions in Time Warner (TWX) on Thursday morning. The shares had rallied 39% since re-opening for trading following the completion of the spin-off from Time Warner Cable (TWC) on March 27th. Most of the TWX owned by Northlake was purchased in August 2008. Adjusted for the split from TWC, […]