Central European Distribution Corp. (CEDC, Financial) filed Annual Report for the period ended 2010-12-31.
Central European Distribution Corp. has a market cap of $1.62 billion; its shares were traded at around $22.85 with a P/E ratio of 9.4 and P/S ratio of 0.7. Central European Distribution Corp. had an annual average earning growth of 33.8% over the past 10 years. GuruFocus rated Central European Distribution Corp. the business predictability rank of 2.5-star.Hedge Fund Gurus that owns CEDC: Steven Cohen of SAC Capital Advisors. Mutual Fund and Other Gurus that owns CEDC: David Dreman of Dreman Value Management, Columbia Wanger of Columbia Wanger Asset Management.
The total net value of the alcoholic beverage market in Poland was estimated to be approximately $7 to $9 billion in 2010. Total sales value of alcoholic beverages at current prices decreased by approximately 1.6% from December 2009 to December 2010. This decrease was due, for the most part, to the effects of the world-wide economic crisis. Poland fared better than most countries in the region, but was nevertheless affected. Beer and vodka account for approximately 90% of the value of sales of all alcoholic beverages.
We believe that consumer preference is trending towards higher priced table wines. The best selling wines in Poland previously retailed for under $3 per bottle. Currently, the best selling wines retail in the $4-$7 range.
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Central European Distribution Corp. has a market cap of $1.62 billion; its shares were traded at around $22.85 with a P/E ratio of 9.4 and P/S ratio of 0.7. Central European Distribution Corp. had an annual average earning growth of 33.8% over the past 10 years. GuruFocus rated Central European Distribution Corp. the business predictability rank of 2.5-star.Hedge Fund Gurus that owns CEDC: Steven Cohen of SAC Capital Advisors. Mutual Fund and Other Gurus that owns CEDC: David Dreman of Dreman Value Management, Columbia Wanger of Columbia Wanger Asset Management.
Highlight of Business Operations:
On February 7, 2011, we entered into a definitive Share Sale and Purchase Agreement and registration rights, in accordance with the terms which were agreed by the parties on November 29, 2010, and disclosed on the Companys Current Report on Form 8-K, filed with the Securities and Exchange Commission on November 29, 2010. Pursuant to this agreement, among other things and upon the terms and subject to the conditions contained therein, we received the remainder of the economic and voting interests in the Whitehall Group not owned by us as well as the global intellectual property rights for the Kaufman Vodka brand. In exchange we paid an aggregate of $68.5 million in cash and issued 959,245 shares of the Companys common stock, par value $0.01 per share. The issued shares had an aggregate value of $23.0 million based on the 30 day volume weighted average price of a share of our common stock on the day prior to the closing. In addition, if the aggregate value of such shares (based on the lower of the trading price of a share of our common stock or the 10 day volume weighted average price) is less than $23.0 million on the day prior to filing a registration statement for resale of the shares or the day shares are sold under Rule 144 of the Securities Act, the recipient of such shares is entitled to a payment in cash equal to such difference in value. Such amount is not yet determinable.The total net value of the alcoholic beverage market in Poland was estimated to be approximately $7 to $9 billion in 2010. Total sales value of alcoholic beverages at current prices decreased by approximately 1.6% from December 2009 to December 2010. This decrease was due, for the most part, to the effects of the world-wide economic crisis. Poland fared better than most countries in the region, but was nevertheless affected. Beer and vodka account for approximately 90% of the value of sales of all alcoholic beverages.
We believe that consumer preference is trending towards higher priced table wines. The best selling wines in Poland previously retailed for under $3 per bottle. Currently, the best selling wines retail in the $4-$7 range.
Read the The complete Report
