***** Central European Media Enterprises Ltd. *****
***** Central European Media Enterprises Ltd *****
Got–I think- an interesting stock situation that some of you guys might like…Central European Media Enterprises Ltd. (NASDAQ: CETV: B-5.96- A-$5.97).
First let me tell you, you gotta do your own DUE DILIGENCE.
In a nutshell, Central European owns/operates television stations in Eastern Europe. A few years back, this stock traded well over 200 bucks a share.
In recent years, Time Warner has slowly but surely been building a hige position in this company. Time Warner currently owns about 40% of the outstanding stock.
Like I said a few seconds ago, you got to do your own research. Mine tells me, that Central European Media which “hasn’t” been too hot business-wise lately is set for a huge turnaround. My research also tells me, that CETV’s stock price has literally been killed the last two weeks or so because it’s a European company and as you know or not know- that everyone and their mother thinks Greece, Spain, Portugal and the rest of Europe are going down the financial drain–so they have been punishing European companies.
The bet here is a business turn around is in the cards and that Time Warner “buys” control of this company. I think that a double in the stock price is very do-able.