$29.49
0.77 (+2.68%)
Central European Distribution (CEDC)
CAPS Rating:
The Company is in spirit beverages business, produces vodka at two distilleries in Poland and is the distributor of alcoholic beverages with a country-wide distribution network. The Company is also an importer of spirits, wine and beer in Poland.
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I love this stock and decided to start tracking it... with a global recession booze consumption will grow in Eastern Europe.... Its sales and earnings growth rate both check in over 30% today... lets see what those numbers are a few months from now... but today, there are very few companies with a billion market cap checking in with these types of growth numbers
My only big concern is the 6% short position on the stock... i have found historically that short positions over 5% more often than not go down in price.... considering the number of totally bad companies to short today, why would someone put huge dollars in shorting this stock? Just something to think about
had to buy in at 18... after tracking this down the rat hole for a week plus
sold on the quick bounce to 21..