Grupo Televisa S.A. - GDS (TV)
by Zacks Equity ResearchOctober 24, 2011 | Comments : 0 Recommended this article: (0)
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As a result, depreciation and amortization expenses increased by leaps and bounds which significantly hurt the company's bottom line. Televisa is trying its best to enter into the lucrative wireless market of Mexico. Despite this, we remain concerned that the company may not get the necessary regulatory approvals.
We believe prolonged legal battles with Carlos Slim controlled entities will continue to affect the overall financials of Televisa in the rest of 2011. We do not find any near-term catalyst for the company to drive the stock price.
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