A Visit to an Apple Store Keeps Me Bullish

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The following entry is cross-posted from Street Insight. As some clients and friends of Northlake Capital Management know, I write a brief daily commentary for StreetInsight.com, the professional version of The Street.com. Street Insight is an expensive service targeted at money managers. Along with another two dozen money managers, I contribute commentary on the stock market and individual stocks. The following comments on Apple Computer were posted last week…

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Central European Media: Plenty of Upside Remains

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Central European Media Enterprises (CETV) has given back some of its recent gains including about 7% since the company reported earnings before the open of trading on Tuesday. Mostly, I think this is a sell the news reaction to a stock that moved from $35 to $55 since late January. The fourth quarter 2004 earnings report was fine, slightly ahead of analyst estimates…

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SBS Broadcasting Reports Excellent 2004 Results and Provides Solid 2005 Outlook

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SBS Broadcasting (SBTV) reported very solid 4Q04 and 2004 results after the close on Monday. Monday’s conference call confirmed the solid numbers apparent in the press release and laid out an encouraging outlook for 2005 that is conservative in my opinion. For 4Q04, SBTV reported

SBS Broadcasting Makes Another Acquistion and Speaks to The Street

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SBS Broadcasting (SBTV) presented at a Bear Stearns conference on Tuesday after the close. Besides providing an overview, the company used the occasion to announce the acquisition of the #3 TV station/network in Romania and the top two radio stations (Central European Media Enterprises is #1 and #2 in TV). The acquisition price was

More Good News From Central European Media Enterprises

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On March 2, 2005, Central European Media Enterprises (CETV) shares rose over $6 after the company announced it had acquired an additional 29% interest in TV Nova to add to its pending acquisition of a 56% interest. Both deals are projected to close in the second quarter of 2005. The original deal, announced last December 13, called for CETV to acquire 56% of TV Nova for $642 million, composed of $529 million in cash and 3.5 million shares of CETV, then valued at $32.29 per share. The additional 29% is being acquired at an effective cost of $0 as any payments made to the seller will be deducted dollar for dollar from the $642 million purchase price on the 56% stake….

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March Model Signals

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After trending towards Large Cap for several months, Northlake’s Market Cap model triggered a Large Cap signal for March. None of the underlying economic, interest rate, or technical factors individually moved to a large cap signal. Rather, the internal measures used for each factor collectively drifted far enough toward large cap that the trigger was met. The Style model continued its movement toward growth from value but the model remains firmly in value territory. As a result of the new March signals, Northlake initiated a trade for client accounts