Mucho dinero for Univision?
Stock Spotlight: Univision shares have taken off since it put itself up for sale, but is there still room for investors to get in?
By David Ellis, CNNMoney.com staff writer
June 2, 2006: 10:29 AM EDT
NEW YORK (CNNMoney.com) - Money. Power. Attraction. Sounds like the stuff Univision's telenovelas are made of.
But this is far from fiction for the Spanish-language media company, which owns the most popular television network for U.S. Hispanic audiences as well as 69 radio stations.
After Univision announced that it was for sale in February, Univision (Research) stock has been riding high, climbing almost 15 percent as potential suitors from Disney (Research) to Viacom (Research) have mulled a bid for the company. At the same time, the company has posted healthy first-quarter results and impressive May sweeps ratings. And its World Cup soccer coverage kicks off next week.
But with the final bids for the Spanish language broadcaster said to be due next week, some analysts speculate that the stock has already topped out.
Stock Spotlight: Univision shares have taken off since it put itself up for sale, but is there still room for investors to get in?
By David Ellis, CNNMoney.com staff writer
June 2, 2006: 10:29 AM EDT
NEW YORK (CNNMoney.com) - Money. Power. Attraction. Sounds like the stuff Univision's telenovelas are made of.
But this is far from fiction for the Spanish-language media company, which owns the most popular television network for U.S. Hispanic audiences as well as 69 radio stations.
After Univision announced that it was for sale in February, Univision (Research) stock has been riding high, climbing almost 15 percent as potential suitors from Disney (Research) to Viacom (Research) have mulled a bid for the company. At the same time, the company has posted healthy first-quarter results and impressive May sweeps ratings. And its World Cup soccer coverage kicks off next week.
But with the final bids for the Spanish language broadcaster said to be due next week, some analysts speculate that the stock has already topped out.