Smart Money Is Seeing Upside For These Three Companies

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Follow Eric Semler's TCS Capital Management

In other news Eric Semler‘s TCS Capital Management has further increased its holding in Central European Media Enterprises Ltd. (NASDAQ:CETV) by nearly 8% to 15.86 million shares, equivalent to about 11.5% of the $328.64 million media company’s outstanding shares. There has been an ongoing activist battle between TCS and Central European and the investor wrote a letter to the media company’s management last month identifying the control of Time Warner over Central European as the major factor leading to the company’s abysmal performance. The highlight of the letter was the exorbitant interest payments some of which are to the tune of 15% that Time Warner has been exacting from Central European Media Enterprises Ltd. (NASDAQ:CETV).

Over the past 12 months Central European’s stock has slumped by nearly 10.5% while the bradcasting industry has posted average gains of 5.34% during the same period. Discovery Capital Management, which is led by Rob Citrone is another prominent stockholder of Central European Media Enterprises Ltd. (NASDAQ:CETV) within our database as it owns about 4.7 million shares of the company.

Follow Central European Media Enterprises Ltd (NASDAQ:CETV)

Disclosure: None

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