Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
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.