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Cinram shares enjoying DVD popularity | |
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| Time: 00:01 EST/05:01 GMT | News Source: Yahoo News | Posted By: Matthew Sabean | ||
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A spokesman for Cinram International Inc. (Toronto:CRW.TO - news) credited higher shipments and a rapidly growing interest in DVD technology on Thursday for the recent upswing in its stock. Shares of Cinram rose 50 Canadian cents, or 7.6 percent, to C$7.05 on the Toronto Stock Exchange. In just over two weeks, Cinram shares have gained 32 percent. ``There just seems to be a lot of positive news out there about DVDs lately,'' Lewis Ritchie of Cinram told Reuters. ``People tend to feel that if they want to make play in DVDs then Cinram is a good investment.'' Ritchie also said the company is always trying to become more efficient and looking for areas of expansion. Cinram is one of the world's largest providers of pre-recorded multimedia products and custom-order downloadable content. | ||
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