Central European Distribution Corporation (CEDC) rated Mkt Outperform with price target $78 by Avondale
Avondale rated Mkt Outperform Central European Distribution Corporation (OTCBB: CEDCQ) on 05/27/2008, when the stock price was $71.68.
Since then, Central European Distribution Corporation has lost 99.94% as of 05/22/2013's recent price of $0.05. If you would have followed this Avondale's recommendation on CEDCQ, you would have lost 99.93% of your investment in 1821 days.
Central European Distribution Corporation
(CEDC) is an integrated spirit beverages business. The Company produces vodka at Poland and is a distributor of alcoholic beverages. The Company is also an importer of spirits, wine and beer in Poland, Russia and Hungary. Its products are also exported out of Poland. CEDC offers a portfolio of alcoholic beverages with over 700 brands. In May 2008, the Company completed the acquisition of a 50% minus one voting power and 75% economic interest in the Whitehall Group. On March 11, 2008, the Company acquired 85% of the share capital of Copecresto Enterprises Limited, a Cypriot company. On July 9, 2008, the Company closed a strategic investment in RAG through an equity investment which provided the Company with an indirect stake of approximately 42% in RAG. On September 24, 2009, the Company closed its acquisition of the remaining 15% interest in Copecresto Enterprises Limited.
’s research analysts are charged with producing high quality, independent, value-added, and timely investment analysis / advice. The firm’s strategy is to deemphasize maintenance research, and instead direct the overwhelming majority of our efforts on developing well-constructed, actionable recommendations, in part by leveraging proprietary networks of industry contacts.
’s growing research department now totals 25 professionals. Senior analysts average 14 years of industry experience and are routinely recognized by a variety of nationally known rating entities. In the last two years, Avondale
Analysts were named to the Wall Street Journal’s Best on the Street poll as well as Forbes.com’s Top Analyst Rankings.