http://www.northlakecapital.com/ en-us steve@northlakecapital.com 2008-08-15T15:00:27-06:00 hourly 1 2000-01-01T12:00+00:00 http://www.northlakecapital.com/clients/2008/08/15/normalcy_accomp.html 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... 1424@http://www.northlakecapital.com/ eda 2008-08-15T15:00:27-06:00 http://www.northlakecapital.com/clients/2008/08/02/why_is_cetv_str.html Central European Media Enterprises (CETV) remains my favorite media stock for all time horizons. Despite my enthusiasm the shares have performed poorly this year. Although, within the media stock universe, the 20% drop since June is not unusual. Neither is... 1417@http://www.northlakecapital.com/ CETV 2008-08-02T14:22:21-06:00 http://www.northlakecapital.com/clients/2008/08/02/why_is_cetv_str_1.html Central European Media Enterprises (CETV) remains my favorite media stock for all time horizons. Despite my enthusiasm the shares have performed poorly this year. Although, within the media stock universe, the 20% drop since June is not unusual. Neither is... 1418@http://www.northlakecapital.com/ CETV 2008-08-02T14:22:21-06:00 http://www.northlakecapital.com/clients/2008/08/02/august_2008_mod.html Once again there were no changes to Northlake's monthly Market Cap and Style models. The Market Cap signal remains mid cap and the Style signal remains growth. As a result, Northlake continues to own the S&P 400 (MDY) and the... 1416@http://www.northlakecapital.com/ Models 2008-08-02T13:20:48-06:00 http://www.northlakecapital.com/clients/2008/03/19/big_media_funda.html Catching up some email, I found a couple of interesting pieces on the major media companies from Merrill Lynch analyst and my friend, Jessica Reif Cohen. Back in early March, Jessica noted that as a group the media companies she... 1338@http://www.northlakecapital.com/ Media 2008-03-19T09:35:52-06:00 http://www.northlakecapital.com/clients/2008/03/18/good_news_from.html I was quite pleased with the 4Q07 results, 2008 guidance, and conference call from American Apparel (APP), which reported after the close last night. The consensus I was using consisted of just one analyst so it wasn't really meaningful. Just... 1337@http://www.northlakecapital.com/ eda 2008-03-18T09:32:49-06:00 http://www.northlakecapital.com/clients/2008/03/12/cetv_presents_a_1.html Central European Media Enterprises (CETV) shares have steadied since the sharp fall last week following announcement and pricing of their convertible deal. The timing on the convert was terrible coming in the midst of the market's meltdown. I think the... 828@http://www.northlakecapital.com/ CETV 2008-03-12T14:05:38-06:00 http://www.northlakecapital.com/clients/2008/03/11/weekend_box_off_7.html The weekend box office fell by 33% against what is probably the toughest comparison it will face until May. The box office has now declined for 5 straight weekends but remains up almost 7% year to date. Comps may remain... 826@http://www.northlakecapital.com/ Box Office 2008-03-11T11:34:41-06:00 http://www.northlakecapital.com/clients/2008/03/10/studios_and_the.html Reuters is reporting that theatre chains representing 40% of North American screens and the major movie studios have finally agreed to a financing plan to upgrade 14,000 movie screens to digital and 3-D capable technology. The upgrade will cost about... 824@http://www.northlakecapital.com/ Box Office 2008-03-10T15:19:55-06:00 http://www.northlakecapital.com/clients/2008/03/08/final_wrapup_of.html The Motion Picture Association of America (MPAA) released its package of theatrical market statistics for 2007 last week. Most of the data I have already recounted in my many updates about the box office. However, there is some interesting data,... 823@http://www.northlakecapital.com/ Box Office 2008-03-08T12:19:30-06:00 http://www.northlakecapital.com/clients/2008/03/04/cetv_issuing_co.html CETV announced a $425 million convertible offering after the close yesterday with a $50 million green shoe. Proceeds will be used to acquire another 30% of its operations in Ukraine, bringing control and 90% ownership. Given its strong balance sheet,... 820@http://www.northlakecapital.com/ CETV 2008-03-04T09:58:01-06:00 http://www.northlakecapital.com/clients/2008/03/03/march_2008_mode.html There were no changes for March to Northlake's Market Cap and Style models that I use for ETF allocation. The signals remain mid cap and growth. The mid cap signal remains a weak one that could shift back to large... 819@http://www.northlakecapital.com/ Models 2008-03-03T13:52:01-06:00 http://www.northlakecapital.com/clients/2008/02/29/good_quarter_go.html Central European Media Enterprises (CETV) reported excellent 4Q07 results easily beating estimates on revenues, EBITDA, and EPS. Revenues and EBITDA grew 40% and 33%, respectively, with all six countries where the company owns TV stations or networks beating my estimate... 814@http://www.northlakecapital.com/ CETV 2008-02-29T11:47:08-06:00 http://www.northlakecapital.com/clients/2008/02/28/nii_holdings_fi.html NII Holdings (NIHD) reported better than expected 4Q07 financial results yesterday but the shares sold off sharply anyhow. I can see three potential issues. First, EBITDA guidance is a bit low even after adding back the $30 million in unexpected... 815@http://www.northlakecapital.com/ NIHD 2008-02-28T10:52:14-06:00 http://www.northlakecapital.com/clients/2008/02/27/selling_regal_e.html I posted the following on Real Money before the open on February 27th explaining my decision to sell client holdings of Regal Entertainment. By way of background, Doug Kass is a major figure on Real Money and appears regularly on... 813@http://www.northlakecapital.com/ RGC 2008-02-27T08:44:31-06:00