The world of TV transitioned from the Olympics to the political conventions over the past week. The ratings of each event provide some insight to investors. Broadcast networks (ABC/Disney, CBS, FOX/News Corp, and General Electric/GE) are still the only place where really large audiences can be reached. This is true for event programming or nightly […]
https://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2008-09-04 09:33:582008-09-04 09:33:58Cable Nets Best Positioned Media
For the first time since August 2005, Northlake’s monthly Market Cap model is flashing a small cap signal. As a result, I sold all client and personal positions that tin the S&P 400 Mid Cap (MDY) that track this model and reinvested dollar-for-dollar in the Russell 2000 (IWM). Small caps have outperformed for several months […]
It looks like a weak finish to the summer box office will leave Summer 2008 just short of Summer 2007’s all-time record. Labor Day weekend is down 22% for the top 12 films likely making it five straight weeks of negative growth. According to my data, pulled from BoxOfficeMojo.com, from the first weekend in May […]
Looks like I got a bit lucky with the timing of last week’s sale of Northlake’s remaining position in Rogers Communication (RCI). On Friday, it was reported that Telus and Bell Canada will be building a competitive HSPDA network that could undercut Rogers monopoly on high end customers and roaming. The stock got clipped on […]
https://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2008-09-02 11:35:392008-09-02 11:35:39Lucky Timing on Final Rogers Sale
It me a full month to complete the sale of Rogers Communications across all Northlake client accounts. Here is a link to my post following the initial sales. The post explains the rationale for exiting the position. Besides the research, clients should take away a couple of things form the sale of Rogers. First, when […]
By now everyone knows that NBC’s Olympic coverage produced great ratings, the best since TV truly became multichannel as opposed to just a three or four channel nightly option for viewers. Press reports also indicate that ad demand picked up as the games were going enabling NBC produce a profit of as much as $100 […]
Central European Media Enterprises (CETV) shares sold off heavily last Tuesday, dropping over 10% mid-day and closing down about 7% to set a new 52 week low. A number of factors are at work: worries about Russia’s intentions towards Ukraine, dollar strength, emerging market GDP worries, lousy emerging market stock markets, fears about an expensive […]
https://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2008-08-21 08:05:172008-08-21 08:05:17CETV Trades Down Then Gets An Upgrade
It’s been awhile since I provided an update on the domestic summer box office. Relative to my initial expectations it continues to shape up well. Since the first weekend in May, Hollywood’s official start to summer, the box office is unchanged from 2007’s all-time record. Given my expectations, including particularly tough comparisons in July and […]
One of Northlake’s biggest portfolio headaches is a lot better today. Pain relief came in the form of very solid quarter from American Apparel (APP). 2Q results were inline to a bit better than the few analyst estimates. Revenues of $133 million exceeded the estimate of $126 million. EPS of 10 cents matched estimates despite […]
https://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2008-08-15 15:03:042008-08-15 15:03:04Normalcy Accompanies Growth and American Apparel Bounces Back
Today’s New York Times had a good article explaining why the lending availability is drying up in the US. This is a very important point for the near-term market and economic outlook. Our economy requires easily available credit to function near maximum efficiency. Credit availability went over the top in the past few years expanding […]
Cable Nets Best Positioned Media
The world of TV transitioned from the Olympics to the political conventions over the past week. The ratings of each event provide some insight to investors. Broadcast networks (ABC/Disney, CBS, FOX/News Corp, and General Electric/GE) are still the only place where really large audiences can be reached. This is true for event programming or nightly […]
September 2008 Models: Shifting to Small Caps
For the first time since August 2005, Northlake’s monthly Market Cap model is flashing a small cap signal. As a result, I sold all client and personal positions that tin the S&P 400 Mid Cap (MDY) that track this model and reinvested dollar-for-dollar in the Russell 2000 (IWM). Small caps have outperformed for several months […]
Weak Finish Overshadows Strong Summer Box Office
It looks like a weak finish to the summer box office will leave Summer 2008 just short of Summer 2007’s all-time record. Labor Day weekend is down 22% for the top 12 films likely making it five straight weeks of negative growth. According to my data, pulled from BoxOfficeMojo.com, from the first weekend in May […]
Lucky Timing on Final Rogers Sale
Looks like I got a bit lucky with the timing of last week’s sale of Northlake’s remaining position in Rogers Communication (RCI). On Friday, it was reported that Telus and Bell Canada will be building a competitive HSPDA network that could undercut Rogers monopoly on high end customers and roaming. The stock got clipped on […]
Sale of Rogers Completed
It me a full month to complete the sale of Rogers Communications across all Northlake client accounts. Here is a link to my post following the initial sales. The post explains the rationale for exiting the position. Besides the research, clients should take away a couple of things form the sale of Rogers. First, when […]
NBC’s Olympic Sized Ratings
By now everyone knows that NBC’s Olympic coverage produced great ratings, the best since TV truly became multichannel as opposed to just a three or four channel nightly option for viewers. Press reports also indicate that ad demand picked up as the games were going enabling NBC produce a profit of as much as $100 […]
CETV Trades Down Then Gets An Upgrade
Central European Media Enterprises (CETV) shares sold off heavily last Tuesday, dropping over 10% mid-day and closing down about 7% to set a new 52 week low. A number of factors are at work: worries about Russia’s intentions towards Ukraine, dollar strength, emerging market GDP worries, lousy emerging market stock markets, fears about an expensive […]
Summer Box Office Update: Better Than Expected But…
It’s been awhile since I provided an update on the domestic summer box office. Relative to my initial expectations it continues to shape up well. Since the first weekend in May, Hollywood’s official start to summer, the box office is unchanged from 2007’s all-time record. Given my expectations, including particularly tough comparisons in July and […]
Normalcy Accompanies Growth and American Apparel Bounces Back
One of Northlake’s biggest portfolio headaches is a lot better today. Pain relief came in the form of very solid quarter from American Apparel (APP). 2Q results were inline to a bit better than the few analyst estimates. Revenues of $133 million exceeded the estimate of $126 million. EPS of 10 cents matched estimates despite […]
The Credit Market Problem
Today’s New York Times had a good article explaining why the lending availability is drying up in the US. This is a very important point for the near-term market and economic outlook. Our economy requires easily available credit to function near maximum efficiency. Credit availability went over the top in the past few years expanding […]