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Central European Distribution Corporation (CEDCQ) [hlAlert]

Rating:
Buy CEDC
down 99.96 %

Central European Distribution Corporation (CEDC) rated Buy

Posted on: Wednesday,  Oct 3, 2007  9:25 AM ET by Broadpoint Capital

Broadpoint Capital rated Buy Central European Distribution Corporation (OTCBB: CEDCQ) on 10/03/2007, when the stock price was $49.60.
Since then, Central European Distribution Corporation has lost 99.97% as of 05/29/2013's recent price of $0.02.
If you would have followed this Broadpoint Capital's recommendation on CEDCQ, you would have lost 99.96% of your investment in 2065 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.

Broadpoint Capital, Inc. is an investment banking and capital markets firm that provides corporate and public finance services and trading of corporate, government, and municipal securities for institutions. The company has three divisions: Municipal Capital Markets division, which underwrites and trades municipal securities in new issue and secondary markets; Taxable Fixed Income division, which is a dealer focusing on fixed income securities with limited liquidity; and Equity Capital Markets division, which is a sector-focused investment banking group providing research, trading, raising of capital and advisory services for institutional and corporate clients. Broadpoint Capital, formerly known as First Albany Corporation, was founded in 1953 and is based in New York, New York. The company operates as a subsidiary of First Albany Companies Inc.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/3/2007 9:25 AM Buy
None
49.60 58.00
as of 1/1/0001
1 Week   
1 Month   
3 Months   
1 YTD   

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