AT&T is projected to report EPS of 65 cents on revenues of $31.35 billion. A negative reaction to Verizon’s report and some negatives that cropped up took T shares down hard ahead of the report. This may take out risk as the bar is lowered but it also raises the stakes for the “resilience” theme […]
I went to the Sundance Film Festival for the second year whereI saw eight films over two days. If I had a longer stay I would cut down to three films a day. One of the films was a series of shorts. Of the other seven, my son, a junior at NYU studying music composition […]
I have to admit a sense of great relief following Apple’s December quarter earnings. The numbers were great and guidance for the March quarter was much better than feared. A lot of stocks I like, including Apple, are really struggling and it makes me question my analysis. In this case, I got it right 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 Birenberg2009-01-21 17:02:042009-01-21 17:02:04Apple Comes Through
While you are reading this I’ll be heading to O’Hare to hop a plane to Salt Lake City on my way to Park City and the Sundance Film Festival. The Festival started last weekend with many questions surrounding the market for films given the economy and major cutbacks at the Hollywood studios. As though 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 Birenberg2009-01-20 08:59:012009-01-20 08:59:01Slow Sales at Sundance So Far
There seems to be no place in media to hide as estimates continue to fall and no signs of recovery in advertising or other key revenue drivers is apparent. One stock that largely avoids the potholes in media is Dreamworks Animation. The company is vulnerable on DVD sales but has no advertising exposure. In 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 Birenberg2009-01-20 08:53:392009-01-20 08:53:39Dreamworks Animation is Relative Safety in Media
In big news for media and telecom, major media outlets are reporting that President-elect Obama will nominate Julius Genachowski to head the Federal Communications Commission (FCC). Genachowski was technology adviser to Obama during the campaign. According to the Wall Street Journal, he put together detailed plans for Obama “that expressed support for open Internet or […]
Northlake’s monthly Market Cap and Style models favor Small Caps and Value for January. As a result, client and personal accounts have a position in the Russell 2000 (IWM or IJR) and the Russell 1000 Value (IWD or IVE). These positions are unchanged from December. In fact, the small cap signal has been in place […]
Over they years I have expanded my universe from media to telecom as the two industries have converged. Technology advancement has triggered the convergence as broadband wireline and wireless networks have changed the business of content creation and distribution. Telecom stocks performed better than the S&P 500 in 2008 although breadth was poor. SNL Kagan’s […]
https://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2008-12-31 10:24:442008-12-31 10:24:44Telecom: 2008 Year In Review
It’s been a rough year for investors. My own performance has been mediocre with most Northlake clients plus or minus a couple of percent relative to the S&P 500. I think I could have done better but I use a fully invested strategy so it was a very tough to make much progress. Further complicating […]
https://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2008-12-30 10:37:122008-12-30 10:37:12Media: 2008 Year In Review
This is the first of new series of column I will write. Each Monday, I will review media news and notes from the prior week which slipped past my other commentary but may be material for the companies and stocks involved. Let’s call it “Monday Media Musings.” New York Times Red Sox stake for sale […]
https://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2008-12-29 14:44:222008-12-29 14:44:22Monday Media Musings: December 29, 2008
Negative Reaction to Verizon 4Q Raises Stakes for AT&T
AT&T is projected to report EPS of 65 cents on revenues of $31.35 billion. A negative reaction to Verizon’s report and some negatives that cropped up took T shares down hard ahead of the report. This may take out risk as the bar is lowered but it also raises the stakes for the “resilience” theme […]
Sundance 2009
I went to the Sundance Film Festival for the second year whereI saw eight films over two days. If I had a longer stay I would cut down to three films a day. One of the films was a series of shorts. Of the other seven, my son, a junior at NYU studying music composition […]
Apple Comes Through
I have to admit a sense of great relief following Apple’s December quarter earnings. The numbers were great and guidance for the March quarter was much better than feared. A lot of stocks I like, including Apple, are really struggling and it makes me question my analysis. In this case, I got it right and […]
Slow Sales at Sundance So Far
While you are reading this I’ll be heading to O’Hare to hop a plane to Salt Lake City on my way to Park City and the Sundance Film Festival. The Festival started last weekend with many questions surrounding the market for films given the economy and major cutbacks at the Hollywood studios. As though the […]
Dreamworks Animation is Relative Safety in Media
There seems to be no place in media to hide as estimates continue to fall and no signs of recovery in advertising or other key revenue drivers is apparent. One stock that largely avoids the potholes in media is Dreamworks Animation. The company is vulnerable on DVD sales but has no advertising exposure. In the […]
New FCC Chairman Presents Risk
In big news for media and telecom, major media outlets are reporting that President-elect Obama will nominate Julius Genachowski to head the Federal Communications Commission (FCC). Genachowski was technology adviser to Obama during the campaign. According to the Wall Street Journal, he put together detailed plans for Obama “that expressed support for open Internet or […]
January 2009 Model Signals
Northlake’s monthly Market Cap and Style models favor Small Caps and Value for January. As a result, client and personal accounts have a position in the Russell 2000 (IWM or IJR) and the Russell 1000 Value (IWD or IVE). These positions are unchanged from December. In fact, the small cap signal has been in place […]
Telecom: 2008 Year In Review
Over they years I have expanded my universe from media to telecom as the two industries have converged. Technology advancement has triggered the convergence as broadband wireline and wireless networks have changed the business of content creation and distribution. Telecom stocks performed better than the S&P 500 in 2008 although breadth was poor. SNL Kagan’s […]
Media: 2008 Year In Review
It’s been a rough year for investors. My own performance has been mediocre with most Northlake clients plus or minus a couple of percent relative to the S&P 500. I think I could have done better but I use a fully invested strategy so it was a very tough to make much progress. Further complicating […]
Monday Media Musings: December 29, 2008
This is the first of new series of column I will write. Each Monday, I will review media news and notes from the prior week which slipped past my other commentary but may be material for the companies and stocks involved. Let’s call it “Monday Media Musings.” New York Times Red Sox stake for sale […]