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What: Shares of media and entertainment company Central European Media Enterprises
So what: As part of the agreement, Time Warner Cable
Now what: Investors can breathe a little easier knowing that the company's immediate cash crunch is off the table with the Time Warner loan, but it doesn't address the fact that advertising growth simply hasn't come back as quickly as Central European Media had expected. Until it can show meaningful bottom line growth, I'd just assume pass even with the stock relatively close to a 52-week low.
Craving more input? Start by adding Central European Media to your free and personalized watchlist so you can keep up on the latest news with the company.
Fool contributor Sean Williams has no material interest in any companies mentioned in this article. You can follow him on CAPS under the screen name TMFUltraLong, track every pick he makes under the screen name TrackUltraLong, and check him out on Twitter, where he goes by the handle @TMFUltraLong.
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