Comments: L'Oreal Plans to Increase Ad Spend

1 DO YOU THINK CETV AND MICC WILL RETEST THEIR LOWS?
2 WHY DO YOU THINK CETV IS BOUNCING LESS WITH THE STOCK REBOUND?

Posted by at November 3, 2008 01:53 PM

1 DO YOU THINK CETV AND MICC WILL RETEST THEIR LOWS?
2 WHY DO YOU THINK CETV IS BOUNCING LESS WITH THE STOCK REBOUND?

Posted by at November 3, 2008 01:53 PM

1 DO YOU THINK CETV AND MICC WILL RETEST THEIR LOWS?
2 WHY DO YOU THINK CETV IS BOUNCING LESS WITH THE STOCK REBOUND?

Posted by MP at November 3, 2008 01:54 PM

Got your voicemail. Sorry I could not get back to you.

1. I do not think the stocks will retest their lows unless the market does and right now I don't the market will. Measured form the low ($18), CETV is up about 50% so it hasn't completely lagged. It is just that the low is so much below where we ever thought.

2. There remain lots of negative headlines about Central and Eastern Europe and advertising so that is keeping the pressure on. Analysts are pretty cautious or negative and not providing support. The euro remains weak as do CEE currencies vs. the dollar. I think a weak dollar is a prerequisite for a big reobund inthe stock from here.

Posted by Steve at November 3, 2008 02:59 PM
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