CTC Media, Inc. (NASDAQ:CTCM)

CAPS Rating: 5 out of 5

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.

Recs

1
Player Avatar crussia (< 20) Submitted: 12/13/2008 11:17:40 PM : Underperform Start Price: $3.72 CTCM Score: -12.88

The articles in The Motley Fool and other recent articles in finance.yahoo cite large advertising spending growth in Russia when that is certainly not the case on the ground in Russia today - television ad spending at best from local estimates points to -10% to at worst -40% so this is not a Kremlin political risk issue on the stock but one of a plain and simple perfect strom - the withdrawl of liquidity from emerging markets in general and Russia in particular, as well the fact that many recommendations on this stock seem clueless with respect to the real advertising situation in Russia

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