Yesterday all client positions in Discovery Communications (DISCK) were cut back by about 40%. Discovery has been an extremely successful investment with original purchases of the DISCA voting shares made near $16 in the fall of 2008 when the company first started trading as a separate asset-backed stock following a spin-off from Liberty Media. The […]
There were no changes to Northlake’s Market Cap and Style models for September. The Market Cap model is recommending Mid Cap for the third straight month and the Style model is signaling Value as it has since July 2009. With no changes this month, Northlake client assets dedicated to the Core and Explore strategy will […]
https://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2010-09-02 10:10:172010-09-02 10:10:17Mid Cap and Value Again in September
Trading volumes on Wall Street are seasonally low in late August until Labor Day passes. But that has not led to a lack of movement. Stock prices are under severe pressure having given up most of the gain off the July yearly lows. The major concern continues to be the economic outlook. Data remains weaker […]
https://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2010-08-26 09:54:112010-08-26 09:54:11Macro Concerns Still Dominating Media Stocks
There were no changes to Northlake’s Market and Style models for August. The market Cap model continues to recommend Mid Caps and the Style models still favors Value. As a result, Northlake client positions in the S&P 400 Mid Cap (MDY) and the Russell 1000 Value (IWD) will be maintained for another month. The Market […]
https://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2010-08-06 10:16:272010-08-06 10:16:27Mid Cap and Value Still in Favor for August
Over the past two weeks, three of Northlake’s media long positions reported second quarter 2010 earnings. In addition, the recently sold DirecTV (DTV) reported results. The other three companies to report were CBS, Discovery Communications (DISCK), and Virgin Media (VMED). All four companies met or exceeded consensus estimates on most important financial and operating metrics. […]
All Northlake client positions in DirecTV (DTV), including those in my personal accounts, were sold this morning. DTV proved to be a very successful investment having been sold for a gain of 84% and held for just short of 14 months. The original purchase was Liberty Media Entertainment, which restructured, merged with DTV, and ultimately […]
https://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2010-07-28 10:48:172010-07-28 10:48:17Selling DirecTV With Rising Fears of Price Competition in Mature Video Cable/Satellite Business
Apple reported another great quarter. Below are the “tweets” I posted on Twitter as I as updating my spreadsheet model and listening to the conference call. For Apple, I continue to find that my first impressions are the most valuable so the Twitter comments capture my thinking well. That said, after reading post call commentary […]
https://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2010-07-21 08:58:562010-07-21 08:58:56Demand for Apple Products Supports Plenty of Upside for Apple Shares
Earnings season is off to a rough start as far as stock prices go. Some stocks gap higher on good numbers but can’t hold the gains (Intel). Some stocks have mixed results and get smacked (GOOG and the big banks). Some stocks miss and get smoked (MAT) and others beat and get sold (HAS). 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 Birenberg2010-07-19 15:34:102010-07-19 15:34:10Early 2Q Earnings: Stocks Being Sold But Hopeful Signs for Media
Google (GOOG) is trading down over 5% in a weak market (S&P down 2.2%) after reporting mixed 2Q10 results. The stock has given up most its gains in the past two weeks since the company received a new license to operate in China. GOOG reported EPS of $6.45 on revenues of $5.1 billion net of […]
https://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2010-07-16 11:21:462010-07-16 11:21:46Mixed Quarter from Google Obscures Value and Growth Profile
Northlake’s Market Cap model shifted from small cap to mid cap for July, ending a five month run favoring the small company theme. As a result of the shift, all Northlake client assets invested in the Market Cap model have sold IWM and purchased the S&P 400 Mid Cap (MDY). There was no change to […]
https://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2010-07-01 14:38:322010-07-01 14:38:32Moving to Mid Cap for July
Trimming Discovery as Initial Long-Term Target Achieved
Yesterday all client positions in Discovery Communications (DISCK) were cut back by about 40%. Discovery has been an extremely successful investment with original purchases of the DISCA voting shares made near $16 in the fall of 2008 when the company first started trading as a separate asset-backed stock following a spin-off from Liberty Media. The […]
Mid Cap and Value Again in September
There were no changes to Northlake’s Market Cap and Style models for September. The Market Cap model is recommending Mid Cap for the third straight month and the Style model is signaling Value as it has since July 2009. With no changes this month, Northlake client assets dedicated to the Core and Explore strategy will […]
Macro Concerns Still Dominating Media Stocks
Trading volumes on Wall Street are seasonally low in late August until Labor Day passes. But that has not led to a lack of movement. Stock prices are under severe pressure having given up most of the gain off the July yearly lows. The major concern continues to be the economic outlook. Data remains weaker […]
Mid Cap and Value Still in Favor for August
There were no changes to Northlake’s Market and Style models for August. The market Cap model continues to recommend Mid Caps and the Style models still favors Value. As a result, Northlake client positions in the S&P 400 Mid Cap (MDY) and the Russell 1000 Value (IWD) will be maintained for another month. The Market […]
Good Earnings Reports for CBS, Virgin Media, Discovery Communications, and DirecTV
Over the past two weeks, three of Northlake’s media long positions reported second quarter 2010 earnings. In addition, the recently sold DirecTV (DTV) reported results. The other three companies to report were CBS, Discovery Communications (DISCK), and Virgin Media (VMED). All four companies met or exceeded consensus estimates on most important financial and operating metrics. […]
Selling DirecTV With Rising Fears of Price Competition in Mature Video Cable/Satellite Business
All Northlake client positions in DirecTV (DTV), including those in my personal accounts, were sold this morning. DTV proved to be a very successful investment having been sold for a gain of 84% and held for just short of 14 months. The original purchase was Liberty Media Entertainment, which restructured, merged with DTV, and ultimately […]
Demand for Apple Products Supports Plenty of Upside for Apple Shares
Apple reported another great quarter. Below are the “tweets” I posted on Twitter as I as updating my spreadsheet model and listening to the conference call. For Apple, I continue to find that my first impressions are the most valuable so the Twitter comments capture my thinking well. That said, after reading post call commentary […]
Early 2Q Earnings: Stocks Being Sold But Hopeful Signs for Media
Earnings season is off to a rough start as far as stock prices go. Some stocks gap higher on good numbers but can’t hold the gains (Intel). Some stocks have mixed results and get smacked (GOOG and the big banks). Some stocks miss and get smoked (MAT) and others beat and get sold (HAS). The […]
Mixed Quarter from Google Obscures Value and Growth Profile
Google (GOOG) is trading down over 5% in a weak market (S&P down 2.2%) after reporting mixed 2Q10 results. The stock has given up most its gains in the past two weeks since the company received a new license to operate in China. GOOG reported EPS of $6.45 on revenues of $5.1 billion net of […]
Moving to Mid Cap for July
Northlake’s Market Cap model shifted from small cap to mid cap for July, ending a five month run favoring the small company theme. As a result of the shift, all Northlake client assets invested in the Market Cap model have sold IWM and purchased the S&P 400 Mid Cap (MDY). There was no change to […]