Must-Read Is It Good To Buy or Sell ABS-CBN Stock?

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Last Friday, July 10, the House Committee on Legislative Franchises voted to deny the franchise application of ABS-CBN. This means ABS-CBN Corp. is now permanently barred from engaging in any form of TV and radio broadcasting services. Simply put: it's time to say goodbye to Cardo and Ang Probinsiyano, goodbye It’s Showtime, and goodbye to all ABS-CBN shows on TV and radio.

Although already suffering from a huge price drop, the stock of ABS closed on Friday, July 10, at PHP 14.78 without the Congressional Committee announcing its decision yet. Given the development regarding the rejected franchise application, what will happen to the stock when it starts trading again this week?

PinoyInvestor has a free stock report for you, prepared by their partner stockbroker. Just click to read this report for free: Good to Buy ABS-CBN (ABS) Stock in the PSE?.

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