“Mad Money” on Russian TV Market: Central European Media Enterprises Ltd. (CETV) Cramer Reiterates “Buy”
On November 29, 2005 Jim Cramer, founder of Thestreet.com and host of CNBC’s Mad Money, first brought attention to Central European Media Enterprises. Since he recommended the stock as a buy, its shares have increased 61% to their current value of $103.15. The company trades at only 16.8 times its 2008 expected earnings, and carries an astonishing long-term growth rate of 31%. For the first quarter of 2008, the company reported total revenues of $223.47 million, which translates to a $14.89 million net income. Central European Media Enterprises invests in, develops, and operates commercial television channels in Central and Eastern…