SBS Broadcasting (SBTV) reported very solid 4Q04 and 2004 results after the close on Monday. Monday’s conference call confirmed the solid numbers apparent in the press release and laid out an encouraging outlook for 2005 that is conservative in my opinion. For 4Q04, SBTV reported
SBS Broadcasting (SBTV) presented at a Bear Stearns conference on Tuesday after the close. Besides providing an overview, the company used the occasion to announce the acquisition of the #3 TV station/network in Romania and the top two radio stations (Central European Media Enterprises is #1 and #2 in TV). The acquisition price was
On March 2, 2005, Central European Media Enterprises (CETV) shares rose over $6 after the company announced it had acquired an additional 29% interest in TV Nova to add to its pending acquisition of a 56% interest. Both deals are projected to close in the second quarter of 2005. The original deal, announced last December […]
SBTV announced the acquisition of CMore Group AB today. Here is a description of CMore taken directly from the press release: CMore Group is the leading Nordic pay entertainment provider with over 770,000 subscribers in Sweden, Norway, Finland and Denmark. The only provider of both premium sports and premium movies in the Nordic region under […]
Over the lunch hour today, I listened to a presentation by CETV management to clients of Jefferies and Company brokerage firm. The CEO is based in NY but the London based CFO and COO were in the States to present the 2005 budget to the Board. Based on commentary on the call, it appears the […]
Here is a link to a story that ran on Yahoo reproducing a recommendation of CETV by one of Motley Fool’s contributors. It is a good summary of the company and falls short only in the valuation section. CETV and other media companies are valued based on their cash flow. On that basis, CETV shares […]
Central European Media Enterprises (CETV) was repurchased yesterday per my plan to wait for a pullback to the mid-$30s and a resolution in Ukraine, both of which occurred this week…
Motorola (MOT) shares have traded down about 9% since reporting fourth quarter earnings after the close on Tuesday after the market closed. The quarter was excellent, but there were just enough issues to cause a still skeptical Wall Street to sell the shares. I think the reaction is wrong and still believe the shares belong […]
Despite the fantastic performance of shares of Apple Computer, including today’s big run-up on the company’s outstanding fourth quarter earnings results, I believe the opportunity for substantial further gains exist. Consequently, client portfolios purchased a trading position in Apple shares (AAPL) after some of the morning enthusiasm wore off. The investment thesis is that the […]
Recently purchased positions in Central European Media Enterprises (CETV) were sold on Friday at a small loss due to uncertainty over the political situation in Ukraine. The concern is solely short-term as CETV’s long-term opportunity as the leading TV broadcaster in rapidly growing Central and Eastern Europe is an extremely worthwhile investment thesis….
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