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S&P 500: 1,150.24 Change: +0.40%
mgendron
P&P Score: 0.11 | Points: -621.11 | Accuracy: 11.11 | Average Pick Score: -115.02   Annual Return: N/A  
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Commentary
SELL: CENTRAL EUROPEAN DISTRIBUTION CORPOR (CEDC) Rating: 1
Start Price: $17.80
Points: -68.61
Created: 04/20/2009
$6.50 to just under $20 in six weeks qualifies as "too much, too fast". This market darling of just a year ago met some reality as the East European economies suffered some bad press since then. Given the shares' severe oversold status into early March, a rebound was expected. But "enough is enough", at least until improvement in the market's perception regarding prospects for improvement in liquor consumption in Eastern Europe (mostly Poland) indicates otherwise. Given the "staple" nature of the company's products, I view CEDC as a long-term Buy on any meaningful price weakness - but I still consider it a Sell for the immediate future.

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