rc . . Div & Yield: 0.83 (7.40%)
P/E (ttm): 23.46
PERIOD ENDING ....31-Dec-06 .31-Dec-05. 31-Dec-04
Retained Earnings .31,941 .. (6,889) ...(15,328) <--
Total Revenue .....73,677 .. 55,619 ... 49,454 <===
Sale (buy) Stock .(11,503) ......135 ..... (64) <---
Net Borrowings... (10,485) ...(5,328) ....6,130) <===
Qtrly Revenue Growth (yoy): 2.40% <---ok
Qtrly Earnings Growth (yoy): -2.50% <---fair/poor
Total Debt (mrq): 0 <-----xlnt
Shares Short (Feb08): 31.85K
Shares Short (as of 11-Mar-08): 19.72K <-covering trend
Short % of Float (as of 11-Mar-08): N/A
DIVIDENDS INCREASING LAST 3 YEARS:
http://finance.yahoo.com/q/hp?s=RC&a=03&b=9&c=1998&d=03&e=9&f=2008&g=v
http://tinyurl.com/5razoc
Grupo Radio Centro, S.A.B. de C.V., a radio broadcasting company, through
its subsidiaries, engages in the production and broadcasting of musical
and
entertainment programs, news, talk shows, interviews, special events, and
advertising in Mexico City metropolitan area, Mexico. As of July 2, 2007,
the company owned and/or operated 14 amplitude modulation and frequency
modulation radio stations, as well as a radio network, Organizacion
Impulsora de Radio, which acts as the national sales representative for,
and provides programming to, Grupo Radio Centro-affiliated radio
stations.
The company was founded in 1946. It was formerly known as Tecnica de
Desarrollo Publicitario, S.A. de C.V. and changed its name to Grupo Radio
Centro, S.A. de C.V. in 1992. Further, the company changed its name to
Grupo Radio Centro, S.A.B. de C.V. in 2006. Grupo Radio Centro is based
in
Mexico City, Mexico.
------------------
FROM THE YEAR END RE****T:
For the year ended December 31, 2007, broadcasting revenue was Ps.
654,760,000, a 20.7% decrease compared to the Ps. 825,588,000 re****ted in
the same period of 2006. The decrease was mainly attributable to a
decrease
in advertising expenditures by political parties, which purchased more
airtime in 2006 in connection with the July 2006 presidential and
congressional elections.
[[[[[[[[[[[better comps in 2008 y/y]]]]]]]]]]
The Company's comprehensive financing cost for the year ended December
31,2007 was Ps. 5,850,000, an 85.3% decrease compared to the Ps.
39,842,000re****ted in 2006. This favorable change was mainly due to a
decrease ininterest expense during, 2007 compared to 2006, when (i) the
Company nolonger recording interest on bank debt after paying off the
remaining balance of its bank debt in May 2006,
--------------
from the sec.gov form 20F:
Grupo Radio Centro’s principal executive offices and studios are located
in
Mexico City and are owned by Grupo Radio Centro. In 1992 Grupo Radio
Centro
purchased the Constituyentes building, a modern, 102,000 square foot
building of which, at December 31, 2006, the Company occupied
approximately
81,000 square feet with the remainder available for leasing to third
parties. In March 1994, Grupo Radio Centro moved its principal offices
and
broadcasting operations (excluding transmitter antennae and related
equipment) into the Constituyentes building. Grupo Radio Centro also owns
the transmitter sites and antenna sites used by most of its Mexico City
radio stations, including related back-up facilities. In addition, Grupo
Radio Centro currently leases satellite-transmission facilities in Mexico
City from the Mexican government. As a result of a 1993 change in
applicable Mexican law, Grupo Radio Centro purchased and received
authorization from Telecomunicaciones de M?xico, a state-owned entity, to
operate its own up-link equipment. This up-link equipment has been
operational since the end of 1994 and was upgraded in December 2005 and
the
first quarter of 2006 (see “—Business Strategy—Programming”). Grupo Radio
Centro continues to own the building in which its administrative offices
and studios were located immediately prior to its move into the
Constituyentes building. Grupo Radio Centro also owns the land in Mexico
City on which the transmission facilities of XERED-AM are located. Grupo
Radio Centro believes that its facilities are adequate for its present
needs and are suitable for their intended purpose.
Advertising expenditures by political campaigns represent an im****tant
part
of the Company’s total broadcasting revenue. While the Company’s revenue
increases significantly during the congressional elections that occur
every
three years (including in 2003 and 2006), an even more significant
increase
in revenue results from presidential elections, which occur every six
years
(coinciding with congressional elections), including the years 2000 and
2006
[[[[[[[2008 a "down" year...congressional in 2009,pres in 20012]]]]]
Legal and Arbitration Proceedings
In May 2002, Mr. Guti?rrez Viv? and Infored initiated an arbitration
proceeding pursuant to which they sought rescission of their agreement
with
the Company and damages. On March 1, 2004, the International Chamber of
Commerce (“ICC”) notified the Company that, the Company was in breach of
its contract , the contract was rescinded and Infored and Mr. Guti?rrez
Viv? together were awarded a total of U.S.$21.1 million in damages
(the Mexican Supreme Court), remanded the case to the Thirteenth Circuit
Court, instructing the court to reexamine the matter under different
procedural rules,The Company can give no assurance about the outcome of
these proceedings or their duration.
The Company is involved in a variety of labor claims initiated by former
employees between 2000 and 2004 seeking an aggregate amount of
approximately Ps. 44.1 million. The Company has not recorded a provision
for these claims, as the Company’s management believes that the cases
will
be resolved in favor of the Company.
DIVIDENDS
the U.S. dollar amount of dividends received by an individual prior to
January 1, 2011 with respect to the ADSs will be subject to taxation at a
maximum rate of 15% if the dividends are “qualified dividends.” Dividends
paid on the ADSs will be treated as qualified dividends
Mexican Tax Considerations
Gains on the sale or other disposition of ADSs by holders who are
non-residents of Mexico for tax purposes, will generally not be subject
to
Mexican income or withholding tax. Deposits of CPOs in exchange for ADSs
and withdrawals of CPOs in exchange for ADSs will not give rise to any
Mexican tax or transfer duties.
entry : anything below $10.25 looks ok// retest $9.50? $8.10=firm sup****t
http://stockcharts.com/charts/gallery.html?rc
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