SBS Broadcasting (SBTV) shares have been acting very well recently, making a 52-week closing high on Monday. On Friday, Bear Stearns wrote about SBTV for the first time in many months, updating estimates and raising the price target to $51. Bear Stearns issued a 56-page report, so essentially this is new coverage. There is virtually […]
Cross-posted from StreetInsight.com…. Motorola (MOT) reports on April 20th. Yesterday, the shares had their best day in a long time, rising over 2% in a strong tape for technology stocks. After peaking at over $18 in December, the shares have fallen pretty steadily to recent lows at $14.70. I’ve been long the stock since last […]
The following entry is cross-posted from Street Insight. As some clients and friends of Northlake Capital Management know, I write a brief daily commentary for StreetInsight.com, the professional version of The Street.com. Street Insight is an expensive service targeted at money managers. Along with another two dozen money managers, I contribute commentary on the stock […]
Central European Media Enterprises (CETV) has given back some of its recent gains including about 7% since the company reported earnings before the open of trading on Tuesday. Mostly, I think this is a sell the news reaction to a stock that moved from $35 to $55 since late January. The fourth quarter 2004 earnings […]
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 […]
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