WESTON, Fla., June 8, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Stream Communications Network Inc. (OTCBB:STNYF), Lakes Entertainment Inc. (Nasdaq:LACO), Celadon Group Inc. (Nasdaq:CLDN) and RC2 Corporation (Nasdaq:RCRC).
Aggressive investors and traders may have their eyes on Stream Communications Network Inc. (OTCBB:STNYF) this morning. Yesterday after the markets closed, the company issued a press release announcing it has signed Letters of Intent to purchase two cable TV networks with 8,000 subscribers and two Internet networks with 2,200 subscribers in Silesia, Poland!
This may be good news to investors! These acquisitions, once completed, will bring the company's subscriber base to almost 60,000 cable TV and Internet subscribers combined, which represents a 50% growth rate of the company since the beginning of this year.
Keep this company on your investment radar screen! "Our strategy to grow by acquisitions is proving to be very effective in this dynamic cable TV market in Poland. The networks which we are currently pursuing are located in the most densely populated area in Poland and have significant potential for additional expansion, strengthening our position in this region," said Stan Lis, President of Stream.
The stock closed yesterday at eighty cents a share.
In case you are not familiar with the company: Stream is a broadband cable company and offers CATV and high-speed Internet services in the densely populated markets of Southern Poland (11.5 million inhabitants and 3.2 million TV homes). Stream is one of the principal consolidators of the cable TV sector in that region and intends to become a leading CATV operator and Internet provider in Southern Poland and beyond. Established in 1995, Stream has offices in Vancouver and Krakow.
Stocks showing interesting activity yesterday were: Lakes Entertainment Inc. (Nasdaq:LACO) up 14.5% on 2 million shares traded, Celadon Group Inc. (Nasdaq:CLDN) up 15.6% on 855,000 shares traded and RC2 Corporation (Nasdaq:RCRC) up 11.7% on 818,700 shares traded.
Commentary:
"Friday will see the international trade report for April. The trade gap, imports vs. exports, rose sharply to a record $45.96 billion in March," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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