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AIRMEDIA GROUP INC (AMCN) [hlAlert]

Rating:
Buy AMCN
down 72.71 %

AIRMEDIA GROUP INC (AMCN) rated Buy with price target $21 by Sterne Agee

Posted on: Friday,  Jun 13, 2008  9:25 AM ET by Sterne Agee

Sterne Agee rated Buy AIRMEDIA GROUP INC (NASDAQ: AMCN) on 06/13/2008, when the stock price was $16.82. Since
then, AIRMEDIA GROUP INC has lost 72.71% as of 01/15/2016's recent price of $4.59.
If you would have followed this Sterne Agee's recommendation on AMCN, you would have lost 72.71% of your investment in 2772 days.

AirMedia Group Inc. (AirMedia) operates a digital media network in China dedicated to air travel advertising. As of March 1, 2009, the Company operated 2,428 digital frames and 2,752 digital television screens in airports and place its programs on 49,482 digital television screens on airplanes. AirMedia operates its advertising business through its consolidated variable interest entities and their subsidiaries in China. The Company has contractual concession rights to operate digital frames in 26 airports in China. As of March 1, 2009, it operated 2,428 digital frames in 22 airports. As of March 1, 2009, it had contractual concession rights to operate digital television screens in 51 airports, including all of the 30 largest airports in China. In July 2008, the Company acquired the advertising business on gate bridges in several airports by purchasing Excel Lead International Limited (Excel Lead) and a 80% of the interest in Flying Dragon Media Advertising Co., Ltd., (Flying Dragon).

For more than a century, Sterne Agee has worked in the belief that succeed only when our clients thrive. For a brokerage firm to survive for more than 100 years is hard enough. One can only thrive that long, though, by ensuring that your clients thrive first. Sterne Agee is one of the oldest and largest privately held brokerage firms left in the industry. Sterne Agee is a member of the New York Stock Exchange, and a registered Broker Dealer. Sterne Agee offers clients all the advantages of a full-service firm, yet retain the flexibility and personal attention that are rarely found in the huge names. Sterne Agee's expertise includes retail and institutional brokerage; investment banking and underwriting; secondary trading of corporate, municipal, and government securities; and market making in over-the-counter stocks.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
6/13/2008 9:25 AM Buy
None
16.82 21.00
as of 12/24/2008
1 Week up  12.92 %
1 Month up  33.09 %
3 Months up  13.84 %
1 YTD up  16.45 %

(*) Stock Price at the time of the recommendation.
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