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Monday, January 25, 2010

New Hot Penny Stock To Buy Now ! ( SBSA ) Spanish Broadcasting System Inc


1. Spanish Broadcasting System Inc .84 a share / Target Price 1.25

Spanish Broadcasting System, Inc. (SBS) is a Hispanic-controlled media and entertainment company in the United States that owns and/or operates 21 radio stations and two television stations. The Company's radio stations are located in Los Angeles, New York, Puerto Rico, Chicago, Miami and San Francisco. Its two television stations operate as one television operation, branded MegaTV. As part of its operating business, SBS also operates LaMusica.com, Mega.tv, and its radio station Websites, which are bilingual (Spanish and English) Websites providing content related to Latin music, entertainment, news and culture. The Company also occasionally produces live concerts and events throughout the United States and Puerto Rico. It conducts its business in two segments: radio and television. Valuation is solid, reasonably priced related to growth and technically primed to move.Its short percent of float will tend to make it rise fast once it starts going as well. There's no doubt in my mind that the price is depressed, rightly or not. It will go up. In the short term (year or less this could be a 1-bagger, in the long term, if it is run a bit more efficiently as a company (and it does have its faults) over the long term, this COULD be a triple bagger. That is to say, double your money plus. It has the potential.Hispanic market is the hugest growing market in the U.S. and this is especially reflected in the recording industry where Latin music sales are going nuts.Market targets are the largest Latin population cities.Some of the major holders include Vanguard, Goldman Sachs, and Lehman Brothers.The Spanish language network Mega Tv debuted on small stations in four markets today. Owned by Spanish Broadcasting System, Mega TV launched on KM WOCK in Chicago, Right Hook Media's KODF in Dallas, Cocola Broadcasting's KSDI Fresno and Local hdtv KLPS Palm Springs. Mega TV is now available in 11 markets, say its principals, and reaches over 5.2 million households in the U.S. and Puerto Rico. The channel is comprised of primarily original programming. "Mega TV continues to prove that it has the relevant, original programming that U.S. Latinos demand," said Spanish Broadcasting System Executive VP/Mega TV Managing Director Cynthia Hudson. Our unique style and approach to Spanish-language content, renowned talent and fresh formats are the key to our successful track record and excellent ratings."
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