Keep on eye out for some negative publicity that could hit Comcast (CMCSA/K) in the next few weeks. Sinclair Broadcast Group (SBGI) and Comcast are getting close to the drop dead date over their negotiations for payment of retransmission fees by Comcast to Sinclair so that Comcast can continue to carry the TV broadcast signals […]
Late last year, I sold my position in Sears Holding (SHLD) on the basis that I no longer had an edge in analyzing the shares. I am willing to buy back the shares if I feel my edge returns, so I was especially interested when Credit Suisse analyst Gary Balter, the clear axe in the […]
I am not a trader and Northlake’s investment strategy is designed to outperform on a relative basis so whether the market goes up or down is a little less important to me than other money managers. However, that doesn’t mean that I am not amazed by the steady strength in the market since July. Steady […]
https://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2007-01-25 14:02:342007-01-25 14:02:34One Reason The Market Has Done So Well
Credit Suisse had an interesting report earlier this week about the radio industry that has broader implications. The thesis was that radio operators should establish signficant quarterly dividends as the best use of still substantial, if no longer growing, free cash flow. Dividends were preferred relative to share repurchases or just holding cash. Among the […]
https://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2007-01-24 14:00:522007-01-24 14:00:52Radio Industry Should Boost Dividends
I know tech is very weak today so it might not make sense to read too much into it but Motorola (MOT) is giving up its Friday gains pretty quickly today. I still think the bearish view presented in my earnings coverage is the right call, especially for the first half of 2007. Friday’s rebound […]
My colleague at StreetInsight.com, Chris Atayan, made a really good point that the failed Tribune (TRB) auction shows that private equity isn’t a cure for everything. I think another conclusion that can be drawn from the TRB auction is that private market value does not always noticeably exceed public market value. TRB shows that the […]
Apple (AAPL) shares continue to pull back sharply following release of the company’s latest quarterly earnings report. I remain surprised by the size of the pullback as well as the large amount of negative press Apple is getting surrounding the introduction of iPhone. I think a major disconnect has developed as many bullish catalysts exist […]
https://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2007-01-22 08:25:502007-01-22 08:25:50Many Bullish Catalysts For Apple Over Next Six Months
Motorola (MOT) reported 4Q earnings in line with its recently lowered forecast. Key to the stock performance over the next six months is the 2007 outlook and unfortunately it is hard to get a read on this off the earnings conference call. MOT has a second two hour call scheduled for later this morning to […]
There won’t be much fresh news when Motorola (MOT) reports its 4Q06 tomorrow morning. The preannouncement the first week of January has already delivered the bad news. All eyes will be on guidance and commentary about the outlook. MOT shares have collapsed from $26 in mid-October to recent trading levels near $18. The decline was […]
What follows is my analysis on Apple immediately following completion of the company’s conference call to discuss December quarter earnings. I’ll have more to say once I review analyst commentary but I am surprised that the shares are trading off sharply this morning. I think the drop will prove temporary – the results were good […]
https://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2007-01-18 09:20:452007-01-18 09:20:45Apple December Quarter: Great But Provides Some Ammunition For Bears; Bears Will Run Out of Ammo, However
A Potential Headwind For Comcast
Keep on eye out for some negative publicity that could hit Comcast (CMCSA/K) in the next few weeks. Sinclair Broadcast Group (SBGI) and Comcast are getting close to the drop dead date over their negotiations for payment of retransmission fees by Comcast to Sinclair so that Comcast can continue to carry the TV broadcast signals […]
Sears Holding Follow-Up
Late last year, I sold my position in Sears Holding (SHLD) on the basis that I no longer had an edge in analyzing the shares. I am willing to buy back the shares if I feel my edge returns, so I was especially interested when Credit Suisse analyst Gary Balter, the clear axe in the […]
One Reason The Market Has Done So Well
I am not a trader and Northlake’s investment strategy is designed to outperform on a relative basis so whether the market goes up or down is a little less important to me than other money managers. However, that doesn’t mean that I am not amazed by the steady strength in the market since July. Steady […]
Radio Industry Should Boost Dividends
Credit Suisse had an interesting report earlier this week about the radio industry that has broader implications. The thesis was that radio operators should establish signficant quarterly dividends as the best use of still substantial, if no longer growing, free cash flow. Dividends were preferred relative to share repurchases or just holding cash. Among the […]
Motorola: Gains Off Analyst Meeting Don’t Last
I know tech is very weak today so it might not make sense to read too much into it but Motorola (MOT) is giving up its Friday gains pretty quickly today. I still think the bearish view presented in my earnings coverage is the right call, especially for the first half of 2007. Friday’s rebound […]
Tribune Auction Fails
My colleague at StreetInsight.com, Chris Atayan, made a really good point that the failed Tribune (TRB) auction shows that private equity isn’t a cure for everything. I think another conclusion that can be drawn from the TRB auction is that private market value does not always noticeably exceed public market value. TRB shows that the […]
Many Bullish Catalysts For Apple Over Next Six Months
Apple (AAPL) shares continue to pull back sharply following release of the company’s latest quarterly earnings report. I remain surprised by the size of the pullback as well as the large amount of negative press Apple is getting surrounding the introduction of iPhone. I think a major disconnect has developed as many bullish catalysts exist […]
Motorola 4Q Earnings Review
Motorola (MOT) reported 4Q earnings in line with its recently lowered forecast. Key to the stock performance over the next six months is the 2007 outlook and unfortunately it is hard to get a read on this off the earnings conference call. MOT has a second two hour call scheduled for later this morning to […]
Motorola 4Q06 Earnings Preview
There won’t be much fresh news when Motorola (MOT) reports its 4Q06 tomorrow morning. The preannouncement the first week of January has already delivered the bad news. All eyes will be on guidance and commentary about the outlook. MOT shares have collapsed from $26 in mid-October to recent trading levels near $18. The decline was […]
Apple December Quarter: Great But Provides Some Ammunition For Bears; Bears Will Run Out of Ammo, However
What follows is my analysis on Apple immediately following completion of the company’s conference call to discuss December quarter earnings. I’ll have more to say once I review analyst commentary but I am surprised that the shares are trading off sharply this morning. I think the drop will prove temporary – the results were good […]