Central European Distribution Corp (NASDAQ:CEDC), Down By 18.98% ($0.97) From $5.110 After BUYINS.NET Report Predicted Weakness
May 18, 2012 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net , a provider of unique trading technologies, released a report on Wednesday, May 2nd 2012 stating that Central European Distribution Corp (NASDAQ:CEDC) was expected to be Down After its earnings release. Click here to view the BUYINS.NET report: http://www.buyins.net/releases/?sym=cedc&id=270493
At the time this story was written, Central European Distribution Corp (NASDAQ:CEDC) is Down By 18.98% ($0.97) From $5.110 since the BUYINS.NET report was released.
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Central European Distribution Corp (NASDAQ:CEDC) - Central European Distribution Corporation (CEDC) and its subsidiaries produce, distribute, import, and export alcoholic beverages primarily in Poland, Hungary, and the Russian Federation. The company produces vodka with a brand portfolio that includes Absolwent, Zubrwka, Bols, Palace, Soplica, Green Mark, Parliament, Zhuravli, and Royal brands. It distributes approximately 700 brands of alcoholic beverages consisting of various alcoholic products, including spirits, wines, and beers, as well as non-alcoholic beverages. The company distributes its products directly to off-trade establishments, such as small and medium-size retail outlets, petrol stations, duty free stores, supermarkets, and hypermarkets; and on-trade locations, including bars, nightclubs, hotels, and restaurants. As of December 31, 2009, CEDC operated 18 distribution centers and 124 satellite branches located throughout Poland. It imports spirits, wines, and beers of various brands, including Jim Beam Bourbon, Campari, Jagermeister, Remy Martin Cognac, Guinness, Corona, Budvar, E&J Gallo wines, Carlo Rossi wines, Sutter Home wines, Metaxa Brandy, Sierra Tequila, Teachers Whisky, Cinzano, Old Smuggler, Grants Whisky, and Concha y Toro wines. CEDC exports its products principally to the United States, Japan, the United Kingdom, and France. The company was founded in 1990 and is based Bala Cynwyd, Pennsylvania.
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