NTL Incorporated (NTLI) reports tomorrow morning. This stock has been my personal Waterloo but I think that investors are overly pessimistic especially in light of the significant free cash flow the company can generate in a no growth environment. The bar is set quite low for the quarter given the lousy action in the stock […]
Lionsgate (LGF) reports its 1Q07 on Wednesday after the close. With the key theatrical releases coming this fall and winter, LGF is looking at a backend loaded year so investors shouldn’t expect much out the quarter. The company had no box office success in the quarter but results weren’t bad enough to warrant any write-offs. […]
Time Warner (TWX) shares have responded well to 2Q earnings, regaining much of the losses since early July. However, the shares still remain well below the $17.50 level of early June. I think further upside is limited unless the market continues to revalue the cable industry upward. Cable is by far the company’s largest business […]
https://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2006-08-04 09:12:022006-08-04 09:12:02Time Warner Still Offers Little Upside
After much gut-wrenching action and analysis, I decided to take profits on Motorola (MOT) after owning it in most client accounts for almost two years. The stock has rebounded from $19 to over $23 since the company reported its excellent second-quarter results and raised guidance. I still think that MOT is back, and the Street […]
Central European Media Enterprises (CETV) reported solid 2Q06 results, comfortably matching my expectations. As usual, the composition of results was a little different than what I expected but the bottom line is that the quarter affirms my enthusiasm for CETV, especially relative to current expectations for 2007. CETV shares are quite weak despite what I […]
https://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2006-08-03 12:05:452006-08-03 12:05:45Central European Media Enterprises: Good News From Czech Republic
Due technology issues the following post is being added now even though it was written over 24 hours ago 2Q06 will be a tricky quarter to analyze for Central European Media Enterprises primarily due to the repositioning of its largest station, TV Nova in the Czech Republic. Self-induced changes will push Nova’s year-over-year comparisons deeply […]
https://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2006-08-03 12:02:572006-08-03 12:02:57Central European Media Enterprises Earnings Preview
CBS Corporation (CBS) reported 2Q06 results very close to expectations and reaffirmed guidance for 2006. Nevertheless, the shares are dropping sharply. I think there could be two reasons for the decline. First, the company did not indicate how it was going to use proceeds of recent asset sales. Investors were expecting a big increase 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 Birenberg2006-08-03 11:34:262006-08-03 11:34:26CBS: Cheap But No Momentum
Ahead of Monday’s earnings report, shares of Regal Entertainment (RGC) are within 1% of their 2006 high and up almost 9% so far this year. Given the $1.20 annual dividend, the total return is even better. Coming off the dismal 2005 box office performance, RGC shares have responded to renewed growth in attendance and revenue […]
“A looming capacity expansion in hotel rooms and casino space, rising gas prices, an uptick in airfares, the possible peaking of the Las Vegas residential real-estate market, and the ongoing risk of global terrorism make the stocks of major casino operators good candidates for shorting.” — Steve Birenberg, StreetInsight.com, Long/Short Investor, 8/24/2005 OK, so I […]
https://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2006-07-28 09:01:082006-07-28 09:01:08Casino Stocks Have Lots of Downside
Comcast (CMCSA/CMCSK) reported another strong quarter with most key financial and subscriber measures beating estimates. On top of similar strength in 1Q, management is raising guidance. Revenue growth in the cable division (well over 90% of the company) is going up to 10-11% from 9-10%. EBITDA growth is now projected “at least” 13% higher vs. […]
https://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2006-07-27 15:28:012006-07-27 15:28:01Comcast Reports Another Good Quarter: Time For The Bears To Hibernate
NTL 2Q06 Earnings Preview
NTL Incorporated (NTLI) reports tomorrow morning. This stock has been my personal Waterloo but I think that investors are overly pessimistic especially in light of the significant free cash flow the company can generate in a no growth environment. The bar is set quite low for the quarter given the lousy action in the stock […]
Lionsgate 1Q07 Earnings Preview
Lionsgate (LGF) reports its 1Q07 on Wednesday after the close. With the key theatrical releases coming this fall and winter, LGF is looking at a backend loaded year so investors shouldn’t expect much out the quarter. The company had no box office success in the quarter but results weren’t bad enough to warrant any write-offs. […]
Time Warner Still Offers Little Upside
Time Warner (TWX) shares have responded well to 2Q earnings, regaining much of the losses since early July. However, the shares still remain well below the $17.50 level of early June. I think further upside is limited unless the market continues to revalue the cable industry upward. Cable is by far the company’s largest business […]
Taking Profits on Motorola
After much gut-wrenching action and analysis, I decided to take profits on Motorola (MOT) after owning it in most client accounts for almost two years. The stock has rebounded from $19 to over $23 since the company reported its excellent second-quarter results and raised guidance. I still think that MOT is back, and the Street […]
Central European Media Enterprises: Good News From Czech Republic
Central European Media Enterprises (CETV) reported solid 2Q06 results, comfortably matching my expectations. As usual, the composition of results was a little different than what I expected but the bottom line is that the quarter affirms my enthusiasm for CETV, especially relative to current expectations for 2007. CETV shares are quite weak despite what I […]
Central European Media Enterprises Earnings Preview
Due technology issues the following post is being added now even though it was written over 24 hours ago 2Q06 will be a tricky quarter to analyze for Central European Media Enterprises primarily due to the repositioning of its largest station, TV Nova in the Czech Republic. Self-induced changes will push Nova’s year-over-year comparisons deeply […]
CBS: Cheap But No Momentum
CBS Corporation (CBS) reported 2Q06 results very close to expectations and reaffirmed guidance for 2006. Nevertheless, the shares are dropping sharply. I think there could be two reasons for the decline. First, the company did not indicate how it was going to use proceeds of recent asset sales. Investors were expecting a big increase the […]
Regal Entertainment Earnings Preview
Ahead of Monday’s earnings report, shares of Regal Entertainment (RGC) are within 1% of their 2006 high and up almost 9% so far this year. Given the $1.20 annual dividend, the total return is even better. Coming off the dismal 2005 box office performance, RGC shares have responded to renewed growth in attendance and revenue […]
Casino Stocks Have Lots of Downside
“A looming capacity expansion in hotel rooms and casino space, rising gas prices, an uptick in airfares, the possible peaking of the Las Vegas residential real-estate market, and the ongoing risk of global terrorism make the stocks of major casino operators good candidates for shorting.” — Steve Birenberg, StreetInsight.com, Long/Short Investor, 8/24/2005 OK, so I […]
Comcast Reports Another Good Quarter: Time For The Bears To Hibernate
Comcast (CMCSA/CMCSK) reported another strong quarter with most key financial and subscriber measures beating estimates. On top of similar strength in 1Q, management is raising guidance. Revenue growth in the cable division (well over 90% of the company) is going up to 10-11% from 9-10%. EBITDA growth is now projected “at least” 13% higher vs. […]