FAB Universal (FU) Continues Gains on Jim Rogers' Endorsement

NEW YORK (TheStreet) -- FAB Universal (FU) shares continue to climb after investor Jim Rogers, who also sits on the firm's board, reiterated his bull case for the company. Speaking with Barron's on Monday, Rogers said China-based FAB Universal, which distributes copyright-protected media, will benefit from the Chinese government's plans to strictly enforce intellectual property rights.

Since Monday, FAB Universal shares have gained 50.1%. As of 11:20 a.m. New York time, shares are up 7.9% to $7.50.

Written by Keris Alison Lahiff.

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