NEW YORK ( TheStreet) -- While still new to the market, Hemisphere Media Group's ( HMTV) CEO Alan Sokol told TheStreet's Jill Malandrino his company is still worth the investment.
Although the company only went public on the Nasdaq on April 23, the stock is already up 37%, which is not too shabby, he said. The first publicly traded U.S./Spanish media company began when two existing Spanish language television networks consisting of broadcast and cable consolidated, he explained. Over the last five years, Hispanic television has had the highest rate of growth, according to Sokol. Better yet, the trend isn't expected to slow down anytime soon, improving the company's prospects going forward. Improving them even more is the company's recent plan to refinance its old debt. Under the restructured plan, it will use the proceeds for future acquisitions and other corporate expenses. Sokol says the prospects are bright and therefore the company will need to seize the "tremendous opportunities we have in front of us." -- Written by Bret Kenwell in Petoskey, Mich. Follow @BretKenwellFollow @optionsprofits