EMC Corporation (EMC) reported better than expected 4Q11 results. Revenues of $5.57 billion and EPS of 49 cents exceeded consensus estimates of $5.49 billion and 46 cents, respectively. The company provided detailed 2012 guidance in line with street estimates. Revenues are forecast at $22 billion, up 10%, with EPS forecast at $1.70, up 13%. Given […]
Two minute minor, five minute major, ten minute misconduct, or game misconduct? I’m thinking ten minute misconduct. The quarter is not nearly as bad as the stock would suggest. Revenues were light but operating income, EBITDA, and free cash flow were in line with expectations. Operating margins, a big issue over the past year, were […]
https://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2012-01-20 11:23:352012-01-20 11:23:35Google in the Penalty Box. For Now.
Northlake’s Market Cap and Style models begin 2012 as they ended 2011, favoring Mid Cap and Growth. Both themes struggled in December but underlying factors in the models remain in place. As a result of the latest signals, Northlake clients invested in the models will continue to own the S&P 400 Mid Cap (MDY) and […]
https://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2012-01-03 12:59:372012-01-03 12:59:372012 Starts at Mid Cap and Growth
Just before Christmas Santa delivered gold for shareholders of Charter Communications (CHTR). Santa made a first stop at Cablevision (CVC) headquarters, leavng coal, when it was announced that Tom Rutledge was abruptly leaving his role as #1 operating executive at CVC. Rutledge is the most highly regarded executive in the cable industry, a role that […]
https://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2011-12-28 09:38:202011-12-28 09:38:20A Holiday Gift for Charter Communications. And Northlake Clients.
Mid Cap and Growth continue to be the favored themes at Northlake Capital Management, LLC. The latest model signals for December showed some underlying but not enough to shift the signals. As a result, for at least another month, Northlake clients using the models will continue to own the S&P 400 Mid Cap (MDY) and […]
https://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2011-12-05 11:22:092011-12-05 11:22:09December Sticks With Mid Cap and Growth
Two transactions have occurred in Northlake client accounts as of this morning. Last week, shares of Qualcomm (QCOM) were purchased as a new investment idea. More on QCOM in a moment. Today, a merger concluded between Liberty Capital (LCAPA) and Liberty Starz (LSTZA). The new Liberty Media will trade as LMCA. As of this morning, […]
https://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2011-11-29 07:57:262011-11-29 07:57:26New Liberty Media and Qualcomm
Media stocks finally caught a bid late last week coinciding with the final set of earnings reports from the group. Viacom, AMC Networks, and Disney each reported solid results and indicated current, positive trends remained largely intact. The Street remains very worried about the advertising outlook despite the positive tone of management comments. It seems […]
https://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2011-11-16 09:57:572011-11-16 09:57:57Where I Stand on Media Stocks
Given the increased importance of macro issues on the stock market and record high correlations among individual stocks, I am expanding media company earnings analysis this quarter to touch on all companies and major trends, not just Northlake positions. Media earnings season continues to roll along. The message so far is that media fundamentals are […]
https://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2011-11-07 09:10:122011-11-07 09:10:12CBS Leads More Solid Media Results
There are no changes to Northlake’s Market Cap and Style models for November. Mid Cap and Growth remain the favored themes. As a result, client positions dedicated to these models and currently invested in the S&P 400 Mid Cap (MDY) and the Russell 1000 Growth (IWF) will be maintained for at least another month. For […]
https://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2011-11-02 15:32:532011-11-02 15:32:53Growth and Mid Cap Continue To Be Favored
Given the increased importance of macro issues on the stock market and record high correlations among individual stocks, I am expanding media company earnings analysis this quarter to touch on all companies and major trends, not just Northlake positions. Several important media companies reported earnings since yesterday’s close, kicking off about a dozen reports from […]
https://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2011-11-02 14:05:002011-11-02 14:05:00Discovery Leads Solid Media Earnings But Virgin Media Mixed
Strong Quarter for EMC Justifies Growth Story
EMC Corporation (EMC) reported better than expected 4Q11 results. Revenues of $5.57 billion and EPS of 49 cents exceeded consensus estimates of $5.49 billion and 46 cents, respectively. The company provided detailed 2012 guidance in line with street estimates. Revenues are forecast at $22 billion, up 10%, with EPS forecast at $1.70, up 13%. Given […]
Google in the Penalty Box. For Now.
Two minute minor, five minute major, ten minute misconduct, or game misconduct? I’m thinking ten minute misconduct. The quarter is not nearly as bad as the stock would suggest. Revenues were light but operating income, EBITDA, and free cash flow were in line with expectations. Operating margins, a big issue over the past year, were […]
2012 Starts at Mid Cap and Growth
Northlake’s Market Cap and Style models begin 2012 as they ended 2011, favoring Mid Cap and Growth. Both themes struggled in December but underlying factors in the models remain in place. As a result of the latest signals, Northlake clients invested in the models will continue to own the S&P 400 Mid Cap (MDY) and […]
A Holiday Gift for Charter Communications. And Northlake Clients.
Just before Christmas Santa delivered gold for shareholders of Charter Communications (CHTR). Santa made a first stop at Cablevision (CVC) headquarters, leavng coal, when it was announced that Tom Rutledge was abruptly leaving his role as #1 operating executive at CVC. Rutledge is the most highly regarded executive in the cable industry, a role that […]
December Sticks With Mid Cap and Growth
Mid Cap and Growth continue to be the favored themes at Northlake Capital Management, LLC. The latest model signals for December showed some underlying but not enough to shift the signals. As a result, for at least another month, Northlake clients using the models will continue to own the S&P 400 Mid Cap (MDY) and […]
New Liberty Media and Qualcomm
Two transactions have occurred in Northlake client accounts as of this morning. Last week, shares of Qualcomm (QCOM) were purchased as a new investment idea. More on QCOM in a moment. Today, a merger concluded between Liberty Capital (LCAPA) and Liberty Starz (LSTZA). The new Liberty Media will trade as LMCA. As of this morning, […]
Where I Stand on Media Stocks
Media stocks finally caught a bid late last week coinciding with the final set of earnings reports from the group. Viacom, AMC Networks, and Disney each reported solid results and indicated current, positive trends remained largely intact. The Street remains very worried about the advertising outlook despite the positive tone of management comments. It seems […]
CBS Leads More Solid Media Results
Given the increased importance of macro issues on the stock market and record high correlations among individual stocks, I am expanding media company earnings analysis this quarter to touch on all companies and major trends, not just Northlake positions. Media earnings season continues to roll along. The message so far is that media fundamentals are […]
Growth and Mid Cap Continue To Be Favored
There are no changes to Northlake’s Market Cap and Style models for November. Mid Cap and Growth remain the favored themes. As a result, client positions dedicated to these models and currently invested in the S&P 400 Mid Cap (MDY) and the Russell 1000 Growth (IWF) will be maintained for at least another month. For […]
Discovery Leads Solid Media Earnings But Virgin Media Mixed
Given the increased importance of macro issues on the stock market and record high correlations among individual stocks, I am expanding media company earnings analysis this quarter to touch on all companies and major trends, not just Northlake positions. Several important media companies reported earnings since yesterday’s close, kicking off about a dozen reports from […]