Trading The Globe: Russia

You know that Tim Seymour scours the globe for the hottest plays abroad. Well he’s spotted another one for you -- Russia-based CTC Media

This firm operates 3 TV networks in Russia providing tons of content for a country begging for more media.

They’re a pure content and distribution play designed to serve Russia’s booming middle class. And millions are tuning in.

Get the picture. Not quite?

”Think of CTC Media as the Viacom of Russia,” explains Seymour, a company that’s carving a niche with younger audiences.

But why invest in the “Viacom of Russia” instead of the real Viacom?

”The answer simply is growth,” he says. “CTC is growing at twice the rate of Viacom – and that should translate into a higher stock price.”

"And Unlike domestic media companies, Russia’s CTC media isn’t facing the same competition from the internet. That translates into a better ad stream. And that translates into a better bottom line."

So should you send your dollars to Moscow to get in on the action? No need. Listed on the Nasdaq – CTC Media trades under the ticker CTCM .

And if you’re looking for a few more trades, Seymour suggests looking at Mexico-based Televisa as well as CETV , which serves Central Europe, and creating a basket of global media stocks made up of all three names.

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Trader disclosure: On October 22nd, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Najarian Owns (CEPH) Call Spread; Najarian Owns (LAZ), Is Short (LAZ) Calls, Owns (LAZ) Puts; Najarian Owns (RIMM) Call Spread; Najarian Owns (STX) Call Spread; Najarian Owns (XLF) Call Spread; Najarian Owns (YHOO) Call Spread; Finerman's Firm Owns (CLX), (MSFT), (NOK), (WMT); Finerman's Firm Owns (BAC) Preferred, (BAC), (BAC) Call Spreads; Finerman Owns (BAC) Preferred, (BAC); Finerman's Firm Owns (WFC) Preferred; Finerman's Firm Is Short (IJR), (MDY), (SPY), (IWM), (USO), (UNG), (CAKE); Finerman's Firm Owns (YUM); Finerman's Firm Owns (BKC); Finerman's Firm Is Short (CPKI); Terranova Owns (SUN), (HES), (NOV), (GS); Seymour Owns (MSFT); Seygem Asset Management Is Short (MELI)

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