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What: Shares of vodka giant Central European Distribution
So what: CED shareholders probably feel like they need a drink after the week they've had, and I can't blame them. Earlier in the week, Mr. Market took a hatchet to the stock after the company badly missed fourth-quarter earnings estimates and gave a weak outlook for 2011. Today, Moody's
Now what: The stock's massive drop this week -- it's down 45% from where it closed last Friday -- is an eye-catcher for value investors (like me) that often like to zero in on beaten-down stocks. But while the stock could be worth a closer look, the debt issues are very concerning as the company's deteriorating results leave it a very slim cushion against real trouble.
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