jonathan berr posts
FeedPosted Jan 17th 2009 9:40AM by Trey Thoelcke (RSS feed)
Filed under: Earnings Reports, Apple Inc (AAPL), Intel (INTC), Citigroup Inc. (C), JPMorgan Chase (JPM), Sony Corp ADR (SNE), Alcoa Inc (AA), Bank of America (BAC), Tiffany and Co (TIF), Genentech Inc (DNA)
Here are some highlights from this past week's earnings coverage from BloggingStocks:
Continue reading Earnings highlights: Citigroup, Intel, JPMorgan, Alcoa, Apple and others
Posted Nov 15th 2008 11:40AM by Trey Thoelcke (RSS feed)
Filed under: Earnings Reports, Google (GOOG), Wal-Mart (WMT), Intel (INTC), Sirius Satellite Radio (SIRI), Applied Materials (AMAT), Procter and Gamble (PG), Kohl's Corp (KSS), Abercrombie and Fitch (ANF), Cypress Semiconductor (CY), Nordstrom, Inc (JWN), Crocs Inc (CROX), Blackstone Group L.P (BX)
Here are some highlights from this past week's earnings coverage from BloggingStocks:
Continue reading Earnings highlights: Walmart, Google, Intel, P&G, Sirius, Blackstone and others
Posted Aug 9th 2008 4:40PM by Trey Thoelcke (RSS feed)
Filed under: Earnings Reports, Cisco Systems (CSCO), Exxon Mobil (XOM), Hansen Natural (HANS), Toyota Motor Corp. (TM), Archer-Daniels-Midland (ADM), General Mills (GIS), Polo Ralph Lauren'A' (RL)
Here are some highlights from this past week's earnings coverage from BloggingStocks:
Continue reading Earnings highlights: Toyota, Cisco, ADM, MGM, General Mills, Warner Music and others
Posted Aug 9th 2008 11:40AM by Trey Thoelcke (RSS feed)
Filed under: Earnings Reports, Time Warner (TWX), Exxon Mobil (XOM), Whole Foods Market (WFMI), Federal Natl Mtge (FNM), Procter and Gamble (PG), News Corp'B' (NWS),
Here are some highlights from this past week's earnings coverage from BloggingStocks:
Continue reading Earnings highlights: Fannie Mae, Time Warner, P&G, Playboy, News Corp. and others
Posted Jul 7th 2008 3:18PM by Jonathan Berr (RSS feed)
Filed under: News Corp'B' (NWS), Media World, Thomson Reuters (TRI)
Merrill Lynch & Co. (NYSE:
MER) may wind up selling its 20% stake in
Bloomberg L.P., the parent of Bloomberg News, to Mike Bloomberg.
Bloomberg, whose personal fortune is estimated by
Forbes magazine at $5 billion, can easily afford the buy back the 20% stake in his company that he does not already own. Given its financial condition, Merrill better hope that the New York mayor is willing to open his check book. Other media companies are not going to shell out big bucks for a minority stake in the company where I worked for seven years. This is especially true given that many of Bloomberg's biggest customers in Wall Street are cutting spending given the uncertainties in the world's financial markets.
Maybe the private equity players would be willing to pay up provided that they could see an exit strategy through an IPO. I don't see that happening either. Bloomberg, which the
Wall Street Journal says has the right of first refusal for the sale, likes being a private company because it enables it to march to the beat of its own drummer. That was especially true when Mike Bloomberg ran the show.
Continue reading The logical buyer for Merrill's Bloomberg stake is Mike Bloomberg
Posted Jun 23rd 2008 10:00AM by Steven Mallas (RSS feed)
Filed under: Time Warner (TWX), Viacom (VIA), News Corp'B' (NWS), Film,
I didn't think Get Smart was going to come in at number one, but that's exactly what happened, according to Boxofficemojo. The film, distributed by Time Warner (NYSE: TWX), took in an estimated $39 million at domestic theaters. The film, quite frankly, looks horrible, and I don't get the fascination people have with Steve Carell's supposed "comedic talents." I don't really find him funny. Doesn't matter, though, because moviegoers have crowned Carell king of the box-office weekend whether I like it or not.
I'm actually more concerned with the race for second place between Marvel's (NYSE: MVL) The Incredible Hulk and DreamWorks Animation's (NYSE: DWA) Kung Fu Panda. Both are estimated as of this writing to have booked a little more than $21 million in ticket sales. I'm concerned about this because I own shares of Marvel, and I'm disappointed in the movie's box-office performance. As of now, the new Hulk has about $96 million in terms of total gross. The fact that it hasn't scored over $100 million by now, coupled with it experiencing a 60% drop for this weekend compared to its debut weekend, leaves me less than satisfied.
Viacom's (NYSE: VIA) The Love Guru bombed. Looks like you can't always count on stars to deliver the important opening-weekend audience. Are people getting sick of Mike Myers? (Jonathan Berr wondered the same thing.) He was only able to conjure up about $14 million for Viacom shareholders, bringing his film to a fourth-place debut. That's embarrassing for Myers, but unlike Steve Carell, he is genuinely funny (although maybe not so much in this particular film, it seems). News Corp.'s (NYSE: NWS) M. Night Shyamalan movie The Happening grossed around $10 million and came in fifth.
Continue reading Although Steve Carell isn't funny, 'Get Smart' was number one
Posted May 6th 2008 1:30PM by Steven Mallas (RSS feed)
Filed under: Time Warner (TWX), Walt Disney (DIS), CBS Corp 'B' (CBS)
Recently, Jonathan Berr took a look at CBS (NYSE: CBS) and its latest quarterly results. One of the things I found most interesting about the earnings release was the fact that CBS's dividend reputation is very much intact -- management raised the quarterly payout by 8% to $0.27 per share. It can certainly afford to do this as free cash flow was up 25% in the last quarter, and the amount was more than adequate for the dividend. CBS has been pretty good about increasing the payments, but I happened to come across a headline at CNBC that talked about Jim Cramer's concerns about CBS -- he basically would rather the media company focus on growth instead of income.
His point is a good one, and well-taken -- after all, growth is pretty darn exciting. But I think CBS management has been great at sharing the spoils with its stockholders, and I always think it's a neat thing when a media stock yields a decent amount. CBS currently yields 4.5% based on Monday's closing price -- that's a lot bigger than the yields offered by Time Warner (NYSE: TWX) and Disney (NYSE: DIS). Yes, it's a cliché, but shareholders are getting paid to wait, and that's awesome if you intend to hold the stock for a long time. As a Disney shareholder, I can tell you that CBS's yield makes me envious!
I think CBS will turn out to be more than just an income play though. I'm confident the company will grow the price of its stock over time. Granted, major networks aren't what they used to be in this world of cable television, but the landscape continues to change with new digital distribution models popping up all the time, and networks like CBS are looking to participate wherever it makes sense to do so. Considering CBS's ability to generate cash and its willingness to share, I have a feeling capital appreciation will eventually follow the dividend boosts.
Disclosure: I own shares in Disney; positions can change at any time.
Posted Apr 27th 2008 11:40AM by Trey Thoelcke (RSS feed)
Filed under: Earnings Reports, Starbucks (SBUX), PepsiCo (PEP), Ford Motor (F), McDonald's (MCD), Halliburton (HAL), Boeing Co (BA), Hershey Co (HSY), Coach Inc (COH), ConocoPhillips (COP), Yum Brands (YUM), duPont(E.I.)deNemours (DD), Lockheed Martin (LMT), U.S. Steel (X), UAL Corp (UAUA), Dow Chemical (DOW), JetBlue Airways (JBLU), Goodyear Tire and Rubber (GT), Delta Air Lines (DAL)
Here are some highlights from this past week's earnings coverage from BloggingStocks:
Continue reading Earnings highlights: Ford, Boeing, McDonald's, PepsiCo, JetBlue and others
Posted Apr 12th 2008 5:40PM by Trey Thoelcke (RSS feed)
Filed under: Earnings Reports, Dell (DELL), General Electric (GE), Target Corp. (TGT), Advanced Micro Dev (AMD), Alcoa Inc (AA), , duPont(E.I.)deNemours (DD), United Parcel'B' (UPS), Genentech Inc (DNA), , Rite Aid Corp (RAD)
Here are some highlights from this past week's earnings coverage from BloggingStocks:
Continue reading Earnings highlights: GE, Alcoa, Circuit City, UPS, Dell, DuPont, AMD and others
Posted Oct 27th 2007 11:40AM by Trey Thoelcke (RSS feed)
Filed under: Earnings Reports, Microsoft (MSFT), Apple Inc (AAPL), Amazon.com (AMZN), Motorola (MOT), Estee Lauder (EL), Halliburton (HAL), Netflix, Inc. (NFLX), New York Times'A' (NYT), Aetna Inc (AET), American Express (AXP), Anheuser-Busch InBev (BUD), , Boeing Co (BA), Bristol-Myers Squibb (BMY), , Coach Inc (COH), Comcast Cl'A' (CMCSA), , United Parcel'B' (UPS), Merck and Co (MRK), Lockheed Martin (LMT), Hasbro Inc (HAS), Amgen Inc (AMGN), UAL Corp (UAUA), Dow Chemical (DOW), Texas Instruments (TXN), EMC Corp (EMC), Juniper Networks (JNPR), JetBlue Airways (JBLU), General Dynamics Corp (GD)
The earnings crunch continues to roll along, and here are a some highlights of this past week's earnings coverage from BloggingStocks:
Continue reading Earnings highlights: Apple (AAPL), Merrill Lynch (MER), UAL (UAUA), and many others
Posted Oct 20th 2007 12:40PM by Trey Thoelcke (RSS feed)
Filed under: Earnings Reports, Google (GOOG), Microsoft (MSFT), Yahoo! (YHOO), eBay (EBAY), Pfizer (PFE), Coca-Cola (KO), Intel (INTC), Motorola (MOT), McDonald's (MCD), International Business Machines (IBM), Nokia Corp. (NOK), Citigroup Inc. (C), Johnson and Johnson (JNJ), JPMorgan Chase (JPM), Advanced Micro Dev (AMD), Altria Group (MO), Bank of America (BAC), Boston Scientific (BSX), Hershey Co (HSY), Domino's Pizza (DPZ), Gannett Co (GCI), Mattel, Inc (MAT), Southwest Airlines (LUV), , , Harley-Davidson (HOG), United Technologies (UTX)
Another earnings season crunch is under way, and here are a some highlights of this past week's earnings coverage here at BloggingStocks:
Continue reading Earnings highlights: Tech stocks strong, financials weak
Posted Oct 13th 2007 1:40PM by Trey Thoelcke (RSS feed)
Filed under: Earnings Reports, General Electric (GE), PepsiCo (PEP), Alcoa Inc (AA), Costco Wholesale (COST), Yum Brands (YUM)
Another earnings season has kicked off, and here are a few highlights of last week's earnings coverage here at BloggingStocks:
Jonathan Berr reports that consumer confidence is the theme of this earnings season. And Ted Allrich offers advice on what to look for in earnings reports.
This coming week will be another busy one for quarterly reports. Upcoming results to watch for include: Bank of America Corp. (NYSE: BAC), Citigroup Inc. (NYSE: C), Coca-Cola Co. (NYSE: KO), eBay Inc. (NYSE: EBAY), Intel Corp. (NASDAQ: INTC), General Motors Corp. (NYSE: GM), Google Inc. (NASDAQ: GOOG), Johnson & Johnson (NYSE: JNJ), Yahoo! Inc. (NASDAQ: YHOO), and Pfizer Inc. (NYSE: PFE).
Visit AOL Money & Finance for more earnings coverage
Posted Sep 15th 2007 1:10PM by Michael Fowlkes (RSS feed)
Filed under: Management, Economic Data, Federal Reserve
This post is part of our Money Face-Offs feature. Let us know who you think comes out ahead in this head-to-head match-up, and check out our other Money Face-Off posts.
You could make the argument that the Chairman of the Federal Reserve is the second most important man in the world. (On Sept. 18 the Fed is expected to cut interest rates to mitigate damage done by recent problems in credit markets). It is true, that when the Fed Chief talks, the WHOLE world listens -- and reacts -- so everyone was a bit apprehensive when long-running Fed Chairman Alan Greenspan finally stepped down last year to be replaced by Ben Bernanke.
While it is still way to early to try to compare the old with the new, there have been some signs that the "new kid on the block" is going to be taking a different route in his role as Fed Chief. Greenspan, aka the "Maestro," was viewed as a genius while in office, but as time has passed, week by week the Greenspan legacy seems to be eroding little by little. The general impression of the "Great Inflator" Greenspan has definitely shifted to where most people recognize that he was an instigator for inflation who was afraid to let the markets correct themselves to avoid forming bubbles.
It is also true that Greenspan managed to remain in control of the Federal Reserve for 18 long years (a record for the position), but the question really is how? How did Greenspan manage to remain in the seat of one of the most powerful positions in the country for such a long period? The answer to that question is that he pleases every president that he serves. How did Greenspan manage to do this? By dropping interest rates whenever any hint of trouble hit the market. Think back to 1998 when Greenspan cut rates three times after the collapse of Long Term Capital Management LP.
Continue reading Money Face-Off: Alan Greenspan vs. Ben Bernanke
Posted Aug 26th 2007 7:40PM by Sheldon Liber (RSS feed)
Filed under: Analyst Reports, Forecasts, Internet, Rants and Raves, Google (GOOG), Sunday Funnies
On Friday my colleague Jonathan Berr posted Henry Blodget blasts Mary Meeker's Google (GOOG) math. In this story he outlined a slight difference of opinion. Actually a 1000%, regarding the potential revenue and earnings of YouTube. Since my own attempts at guessing what Google Inc. (NASDAQ: GOOG) is worth (Serious Money: What IS Google worth? One year later...) proved more accurate than either of them, and since total stock value is of more importance, I had to comment.
Here are some real important numbers: If Google earns $18 per share over the next twelve months, its forward P/E is around 28. If they continue to make any progress with YouTube revenue at somewhere in between our battling pundits and hold market share, Google might be worth $600 in 12 months. Not the stuff investors are dreaming of but pretty darn good.
If Google gains market share, adds any new revenue streams or improves its margins, it could reach 5% to10% above these figures. I do not believe this will happen because Google will not be able to achieve a return on investment for new business equal to that of its original idea. In addition, any new acquisitions, and there will be some, will not improve margins either.
To verify my track record, including bad calls, read Chasing Value and Serious Money.
Sheldon Liber is the CEO of a small private investment company and the principal for design and research at an architecture & planning firm.
Posted Jul 27th 2007 4:00PM by Jonathan Berr (RSS feed)
Filed under: Management, General Electric (GE), Marketing and Advertising, Employees, Citigroup Inc. (C), News Corp'B' (NWS), , Media World
The reported tiff between CNBC's Money Honey Maria Bartiromo and upstart Erin Burnett, whom the New York Post dubbed the "Street Sweetie,'' is mana from heaven for News Corp. (NYSE: NWS) Chief Executive Rupert Murdoch.
His Post gets a juicy chick fight to write about -- although the General Electric Co. (NYSE: GE) cable channel denies there is a fight -- and it makes a rival to his yet-to-be launched Fox Business Channel look foolish as a bonus. Plus, it gives Fox a good excuse to try and lure either one of them away from CNBC. Interesting how corporate synergies work in today's media world.
Mind you, I have no idea whether Bartiromo and Burnett hate each other or not. Usually, Page Six is pretty truthy in the Stephen Colbert sense of the word. You have to think that someone close to Bartiromo or Burnett -- perhaps the person who looks back at them in the mirror -- is spilling their guts to the Post. Yes, the media world is just like high school.
Bartiromo has long been a subject of the gossip pages. I urged CNBC to fire Bartiromo earlier this year after her relationship with ousted Citigroup Inc. (NYSE: C) executive Todd Thompson brought derision on the network. Since then, she's indicated that she's more interested in being a TV star than a journalist. Burnett, whose path I crossed when I was at Bloomberg News, is gaining the good kind of publicity. In fact, Broadcasting and Cable called her CNBC's "secret weapon."
But there's an extra dimension to this tabloid battle that's worth considering.
There are many media conspiracy theorists who argue that Rupert Murdoch will tabloid up the Wall Street Journal once he gets a hold of Dow Jones & Co. (NYSE: DJ). I think that these fears are overblown. Murdoch won't use the Journal to settle scores with his enemies and heap praise on his friends. Why should he when the Post does that so well?
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