$14.63
0.44 (+3.10%)
CTC Media, Inc. (CTCM)
CAPS Rating:
The Company operates the CTC Network, a Russian television network offering entertainment programming targeted principally at 6-54 year-old viewers, and the Domashny, Network, a Russian television network targeted principally at 25-60 year-old women.
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A shareholder unfriendly company from a company unfriendly country. Recipe for disaster. A friend who go tin trouble with the law in Russia once, told me that the way they start court proceedings is with the lawyers on both sides and the judge toasting with a shot of vodka. They didn't even invite him to participate! Yeah, Russia's where I want to put my money. Nyet!
Please provide evidence that this company is shareholder-unfriendly. Also, your anecdote is silly and most likely false. I live in Russia (Thursday is 10 years since I first arrived) and would say that CTCM is one of my top Russia picks -- you've got a consumer market on the uptick, and an apolitical television channel making money from entertainment programming/advertising. On the ground here it seems like a winning formula. Obviously the stock will be volatile, but I think we'll see $50 before we see $15 again.
Don't you remember Enron? - biggest fraud ever - an American company. I can predict with certainty, next biggest fraud will be an American company again. Ignorance is a bliss.