SteveBirenberg
Location:
Chicago, IL
Website:
http://www.northlakecapital.com/mediatalk
Bio: money manager, media stocks, daily contributor to theStreet.com and SNLKagan
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SteveBirenberg
$LCAPA $LINTA swap adds value to $LCAPA by reducing complexity discount. Rebalanced $LCAPA hedge - reduced $SIRI short, added $LCAPA collar
Feb. 26 at 1:47 PM
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SteveBirenberg
Swamped with earnings reports the last few days. $VMED $CVC $NIHD v$MCCC very good. $LBTYA solid. $LAMR mixed which is OK as we are short.
Feb. 26 at 1:44 PM
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SteveBirenberg
Looking for upside in earnings reports and 2010 commentary for $VMED an $NIHD tomorrow.
Feb. 24 at 2:21 PM
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SteveBirenberg
$CETV report and call was boring. Suppose that is good given the troubles in the past 15 months. 2H10 upturn key to stock. Boring for now.
Feb. 24 at 2:19 PM
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SteveBirenberg
$LCAPA closing a lot of the recent lag vs. $SIRI today. YTD gain now "feels" about right based on changes in $LCAPA's public holdings.
Feb. 24 at 2:17 PM
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SteveBirenberg
Been making plenty in $LCAPA, but geez, each 1 cent in $SIRI is worth 25 cents to $LCAPA. Where is my other $2 in $LCAPA :-)!!!!???
Feb. 17 at 2:54 PM
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SteveBirenberg
Covered the extra $TWC I shorted. Still short a core position vs. longs on $CVC $CMCSA and $MCCC.
Jan. 28 at 11:39 AM
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SteveBirenberg
@TMTanalyst right now I buy $LCAPA naked as the spread vs NAV has widened on the $SIRI ramp. $TWC $TWX $S $VIA also owned. $MOT hedged.
Jan. 28 at 11:14 AM
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SteveBirenberg
Shorted some more $TWC at $46. Granted's been a terrible short in 2010. With dividend declared and EPS out, hoping catalysts are over.
Jan. 28 at 11:07 AM
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SteveBirenberg
6 cents in $SIRI is barley getting noticed in $LCAPA which owns 40% of $SIRI. 1 cent in $SIRI all else equal is worth 25 cents in $LCAPA.
Jan. 28 at 11:04 AM
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SteveBirenberg
$AAPL at $155 adj for cash, likely earning $12 in new GAAP in FY10. 13 P-E. Seems cheap for near-term and LT mkt share opportunity.
Jan. 25 at 5:47 PM
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SteveBirenberg
$AAPL cash is $43 a share. Surely north of $50 by end of fiscal year. Cash earning less than 10 cents per share. $205 -$50 = $155...
Jan. 25 at 5:45 PM
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SteveBirenberg
$AAPL 2009 new actual EPS is $9.18. Just reported 1Q10 EPS +44% and guided to 2Q10 +18%. +30% in 2010 is $11.87. Probably conservative...
Jan. 25 at 5:44 PM
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SteveBirenberg
Bought $VMED after it got crushed again on weakness in European markets and fears about BT's new broadband pricing. http://bit.ly/60Tp48
Jan. 22 at 12:37 PM
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SteveBirenberg
$LCAPA kicks in to follow its 40% stake in $SIRI. Penny in $LCAPA worth 25 cents $LCAPA. At open $LCAPA unch, $SIRI up 7 cents. Easy money.
Jan. 20 at 3:45 PM
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SteveBirenberg
$LCAPA owns 40% of $SIRI. A penny $SIRI is worth 25 cents $LCAPA. $SIRI +7 cents, $LCAPA's net asset value +$1.75. $LCAPA only up 44 cents.
Jan. 20 at 9:42 AM
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SteveBirenberg
$SIRI up 7 cents. $LCAPA owns 40% of $SIRI or 2.55 billion shares. 7 cents for $SIRI is worth $1.73 per $LCAPA share based on 103mm shs.
Jan. 19 at 10:34 PM
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SteveBirenberg
Apparently I am the only one unimpressed by $DIS earnings report. New Media Talk: Less Than Meets the Eye at Disney http://bit.ly/15MLyV
Nov. 13 at 10:21 AM
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SteveBirenberg
$DIS finishes media quarterly earnings season post close on Thursday. Here is a preview from Northlake's Media Talk: http://bit.ly/2d02R
Nov. 11 at 12:40 PM
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SteveBirenberg
$CBS conference call about to start. EBITDA guidance maintained despite big beat. 4Q consensus EBITDA at mid-point of guidance.
Nov. 5 at 4:30 PM
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SteveBirenberg
$CBS press release show big beat. Upside to ests on rev, EBITDA, and EPS is substantial. TV leads the way. Less upside at Outdoor than $LAMR
Nov. 5 at 4:24 PM
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SteveBirenberg
$SNI buys Travel Channel. Hefty valuation good for $DISCA, $VIA, $TWX, $NWSA. Creative financing supporting $SNI. $SNI delays EPS 1 day.
Nov. 5 at 12:30 PM
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SteveBirenberg
Media earnings roll on. The news remains good across the board. $LBTYA/$DTV/$TWC/$LAMR, all at least in line. $CBS tonight should be good.
Nov. 5 at 12:28 PM
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SteveBirenberg
$NWSA raises FY10 ending June op income guidance from "up high single digits" to "up high single to low double digits." Film and TV lead.
Nov. 4 at 4:46 PM
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SteveBirenberg
$NWSA Murdoch in press release notes macro challenges but clear improvement globally. He sounds confident about company outlook for FY10.
Nov. 4 at 4:33 PM
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SteveBirenberg
$NWSA comes in slightly ahead of ests on rev but still down 4%. Op Inc +9%. Best in class so far. Call starting but I think it trades up.
Nov. 4 at 4:32 PM
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SteveBirenberg
$NWSA continues string of positive surprises from media companies. EPS 4 cents ahead of ests driven by margins at Film, Cable Nets, TV.
Nov. 4 at 4:30 PM
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SteveBirenberg
Media earnings week now 2ndary to the Fed. $NWSA reports tonight. $TWC,/$LBTYA,/$SNI report in AM;.$CBS/$ATVI report Thurs PM. I like $CBS.
Nov. 4 at 2:34 PM
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SteveBirenberg
$CMCSA mixed. Sub metrics much better but at cost as margins a little light. Mgt states "it is a balancing act." Agree. Invt case balanced.
Nov. 4 at 9:40 AM
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SteveBirenberg
More positve EPS for media stocks. $TWX has "beat and raise" on clean numbers. Ad trends improve echoing $VIA.b and $DISCA. Stks responding.
Nov. 4 at 9:38 AM
