Ben Homan
Long/short equity, value, special situations, contrarian

CTC Media - Textbook Contrarian Play

Intro and Background

CTC Media (NASDAQ:CTCM) is a Russian media company, that has understandably been beaten down due to the ongoing crisis in Ukraine. CTC is headquartered in Moscow and is the largest 'independent' broadcasting company in Russia. They own and operate 3 television stations in Russia (CTC, Domashny, Peretz) as well as one in Kazakhstan (Channel 31). For additional background, visit their "About Us".

Because of the company's growth and cost cutting measures making a significant difference, CTCM enjoyed a run-up of over 71% in 2013. However, due to the events in Ukraine as well as slowing growth causing a rash of downgrades, the stock has slid roughly 36% year to date. I believe...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details