YTD Return: +60%
Last but not least, we have our biggest gainer, but perhaps not the best bet. State-owned CTC Media (CTCM) has been making a comeback in 2013, though it’s hardly the same kind of growth story as our first two Russian hideouts.
To start, we’re not talking about a foreign player in a growing, digital industry. Instead, we’re talking about a state-owned television company that’s far from its glory days.
CTC Media — which operates Russian television networks CTC, Domashny and Peretz — traded for as high as $30 back in 2008, and around $45 as recently as 2010, but has plunged to the $12 level.
That’s including a 60% year-to-date climb fueled by strong Q4 earnings that led to an improvement in its quarterly dividend.
In its most recent quarter, though, the Russian broadcaster saw operating income fall 8% year-on-year in the face of dropping ratings. And while overall revenues are supposed to gain double-digits for the full year, earnings are only expected to increase by 3%.
CTC’s main appeal is its dividend, which yields north of 5%. But if your only interest is income, you can find more reliable high yields outside of risky Russia.
As of this writing, Alyssa Oursler did not hold a position in any of the aforementioned securities.