Stream Communications Network & Media Inc. (Symbol: SCNWF) is the 7th largest cable company in Portland. They offer cable TV, high-speed Internet access, VoIP services in the densely populated markets in Southern Poland.

They have recently approved an approval for US$ 4.7 million from a leading Polish commercial bank. They intend to use the bond proceeds for the important network upgrade, and at the same time, the company is in the process of securing financing to execute its acquisition program.

In regards to its acquisition program, they company has also recently acquired a new network consisting 15,000 homes passed in North East Poland. The network is currently located in an attractive demographic location and will be of the highest fiber optic quality capable of triple play delivery.

I’m usually pretty hesistant to recommend investing in a foreign company; however, after looking at their past 3-month stock performance, I’d have to say this could be a good investment for you. A short-term investment, that is.

Source: etrade.com

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