Executive Summary And Investment Thesis
As many readers know, I am a buy and hold investor making additional purchases when the market seems to overreact. Last year, RTL (RGLXF) (RGLXY) attracted my highest attention after the company was dragged down into a spiral of skepticism after one of its major competitors, namely ProsiebenSat.1. That company warned about 'challenging market environments'. Shares in German broadcaster dropped more than 14 percent to a four-year low after it warned that TV advertising revenues in German-language markets would decline in the third quarter and said