So far my sales of Disney has held up pretty well, down just a bit, while News Corp has fallen about 5%. Disney might be getting a boost from some initial reports that ABC is writing upfront business at decent CPM increases, maybe even large enough to offset potentially double digit down ratings guarantees 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 Birenberg2008-06-09 13:14:342008-06-09 13:14:34Sluggish Blu-Ray Sales Another Headwind
A few brief items in the media world for this morning: Kung Fu Panda opens today. The film has received good reviews and there has not been a major child focused film in theatres since Horton Hears A Who. A strong marketing campaign, good tracking data, and the usual optimism about funny talking animals has […]
https://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2008-06-06 07:40:232008-06-06 07:40:23Kung Fu Panda and the Upfront
There were no changes to Northlake’s Market Cap or Style Model for June. The Market Cap model continues to flash a Mid Cap signal while the Style model remains firmly in growth mode. As a result, client positions in the S&P Mid Cap 400 (MDY) and the Russell 1000 Growth (IWF) are being maintained. The […]
On Friday, I sold all Northlake client positions in Disney and News Corporation. This is a big deal fro me as media stocks are my area of expertise and I believe that these are the two best managed, fast growing companies with the most optimistic long-term competitive positioning. I’ve owned Disney for more than three […]
https://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2008-06-01 16:27:512008-06-01 16:27:51Selling Disney and News Corporation
A better than expected opening for Sex and the City, a decent second weekend for Indiana Jones, and still great legs from Iron Man powered the weekend box office up 28% from the same weekend last year. A year ago there were no meaningful new openings and the top three films were the third versions […]
https://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2008-06-01 14:07:112008-06-01 14:07:11Box Office Has A Sexy Rebound
I am quite encouraged by the action in American Apparel (APP). After getting whacked again on Wednesday off a confusing earnings report and conference call, the stock has bounced back strongly. The initial post earnings trades held above the April lows and unlike in April a rebound got underway quickly. Also, volume spiked for one […]
https://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2008-05-16 10:02:332008-05-16 10:02:33Encouraging Action in American Apparel
This rally has been really impressive. The S&P 500 is off less than 3% this year as of Thursday’s close, hardly a blip considering all the angst earlier this year and late last year. I think the largest reason for the rally has been that earnings have exceeded expectations. According to Ned Davis Research, 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 Birenberg2008-05-16 10:01:112008-05-16 10:01:11Thoughts On The Market’s Rally
The broadcast TV networks made their upfront presentations this week. As I’ve written before, this year’s upfront is going to be problematical for the broadcast networks (ABC/Disney, CBS, FOX/News Corp, and NBC/General Electric). During the upfront, the networks sell advertising time for the upcoming TV season, in this case the 2008-09 season that begins in […]
Controversial and rapidly growing retailer American Apparel reported 1Q08 results last night after the close. While there are many extremely positive numbers in the results, I believe that several confusing items will cause the shares to trade lower today, possibly much lower. That said, I think the trends in core retail business look better than […]
DirecTV reported another strong quarter. Overcoming potential headwinds from the economy, the housing recession, and the loss of AT&T marketing in former BellSouth territories, DTV produced an across the board beat in its 1Q08. EPS of 32 cents and revenues of $4.59 billion beat consensus estimates of 31 cents and $4.47 billion, respectively. EPS grew […]
https://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2008-05-12 14:41:452008-05-12 14:41:45DirecTV Still Rolling And I Missed It
Sluggish Blu-Ray Sales Another Headwind
So far my sales of Disney has held up pretty well, down just a bit, while News Corp has fallen about 5%. Disney might be getting a boost from some initial reports that ABC is writing upfront business at decent CPM increases, maybe even large enough to offset potentially double digit down ratings guarantees and […]
Kung Fu Panda and the Upfront
A few brief items in the media world for this morning: Kung Fu Panda opens today. The film has received good reviews and there has not been a major child focused film in theatres since Horton Hears A Who. A strong marketing campaign, good tracking data, and the usual optimism about funny talking animals has […]
June 2008 Model Signals
There were no changes to Northlake’s Market Cap or Style Model for June. The Market Cap model continues to flash a Mid Cap signal while the Style model remains firmly in growth mode. As a result, client positions in the S&P Mid Cap 400 (MDY) and the Russell 1000 Growth (IWF) are being maintained. The […]
Selling Disney and News Corporation
On Friday, I sold all Northlake client positions in Disney and News Corporation. This is a big deal fro me as media stocks are my area of expertise and I believe that these are the two best managed, fast growing companies with the most optimistic long-term competitive positioning. I’ve owned Disney for more than three […]
Box Office Has A Sexy Rebound
A better than expected opening for Sex and the City, a decent second weekend for Indiana Jones, and still great legs from Iron Man powered the weekend box office up 28% from the same weekend last year. A year ago there were no meaningful new openings and the top three films were the third versions […]
Encouraging Action in American Apparel
I am quite encouraged by the action in American Apparel (APP). After getting whacked again on Wednesday off a confusing earnings report and conference call, the stock has bounced back strongly. The initial post earnings trades held above the April lows and unlike in April a rebound got underway quickly. Also, volume spiked for one […]
Thoughts On The Market’s Rally
This rally has been really impressive. The S&P 500 is off less than 3% this year as of Thursday’s close, hardly a blip considering all the angst earlier this year and late last year. I think the largest reason for the rally has been that earnings have exceeded expectations. According to Ned Davis Research, the […]
TV Upfront Season Poses Long-Term Risks
The broadcast TV networks made their upfront presentations this week. As I’ve written before, this year’s upfront is going to be problematical for the broadcast networks (ABC/Disney, CBS, FOX/News Corp, and NBC/General Electric). During the upfront, the networks sell advertising time for the upcoming TV season, in this case the 2008-09 season that begins in […]
American Apparel: Controversy Continues Amid Stellar Growth
Controversial and rapidly growing retailer American Apparel reported 1Q08 results last night after the close. While there are many extremely positive numbers in the results, I believe that several confusing items will cause the shares to trade lower today, possibly much lower. That said, I think the trends in core retail business look better than […]
DirecTV Still Rolling And I Missed It
DirecTV reported another strong quarter. Overcoming potential headwinds from the economy, the housing recession, and the loss of AT&T marketing in former BellSouth territories, DTV produced an across the board beat in its 1Q08. EPS of 32 cents and revenues of $4.59 billion beat consensus estimates of 31 cents and $4.47 billion, respectively. EPS grew […]