Central European Media Enterprises Ltd. (NASDAQ:CETV)
The Company together with its subsidiaries and affiliates, invests in, develops and operates national commercial television channels and stations in Central and Eastern Europe.
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Growing industry in a growing region.
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Big insider purches from CEO and CFO is all I need to know. I'll assume they know more about the business than I do.
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Pick up on a drop
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Let's start with a P/E of 2. Business is dependent on sales, but long term the market is growing and the big ad customers like Unilever aren't going anywhere.
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I have real money (Long) on this one. This sector is beaten down and this stock is down to $20.00 from $117.00 a share. It has a low p/e (7.2) and has enough cash on hand. I think this will rebound nicely to the mid forties by the end of 2009. Another factor for me is a favorable (In my view) currency exchange do to the dollar falling against the Euro.
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The fundamentals of this company has not changed much, but its been unfairly punished in the current wall street carnage.
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Russian/Central Europe stock.
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Smart Money Jan 2008
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good product, good management
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central european media
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