3 Russian Stocks Hiding Out With Snowden

Investors might fear Russia, but it’s home to a few high-fliers

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CTC Media

ctcmedia 3 Russian Stocks Hiding Out With SnowdenYTD 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.


Article printed from InvestorPlace Media, http://investorplace.com/2013/07/3-russian-stocks-hiding-out-with-snowden/.

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