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Well, it's a $113,300.00 trade for me so far. Will probably take profits on the morning pop.
Maybe, Maybe not
Yup....hope you're STILL holding her ))
Thanks for the bounce play, i made good money here buying @ $11.50
FMCN - MAJOR BOUNCE in action. 4:00pm close $15.72
Should retrace to at least $18.00
Huge GAP UP on tomorrows open!!!
Congrats to Jim Cramer of the street who recommended buying this yesterday @ 25
What in the hell is the point of setting a limit buy? ~_^
I,m waiting now for under 10.00 $ ,lets see if it gets there again !!
This is one HELL of a roller coaster ride, you rarely see this on OTC let-alone Big Boards..
I think i missed the boat at $11.32 ( lol oh well, this may get halted..
Its trading very strange here !!!
Bid and ask look like they have reversed roles lmao..
Wow this damn thing keeps seizing up...
I hope you guys covered for now !!
I'll wait for the next dip, then adding for sure.
looks like it wants to run up now !!
anybody else short this??
Does anyone know the reason for this?
Looks like its halted.
if you are long on this stock, please read the muddy waters site!! If you are not short yet, please read the muddy waters site!!!
Muddy Waters rates Focus Media Holding Ltd. (NASDAQ: FMCN) shares a Strong Sell because of significant overstatement of the number of screens in its LCD network and its Olympus-style acquisition overpayments. The $1.1 billion1 in write-downs from its acquisitions exceed one-third of FMCNâ??s enterprise value, making FMCNâ??s acquisitive behavior more destructive than Olympusâ??s to shareholder value. FMCN insiders have sold at least $1.7 billion worth of stock (two-thirds of FMCNâ??s enterprise value) s
FMCN has been fraudulently overstating the number of screens in its LCD network by approximately 50%. This is similar to China MediaExpress Holdings, Inc. (OTC: CCME), which we reported is a fraud on February 3, 2011. We therefore question whether FMCNâ??s core LCD business is viable.
Like Olympus, FMCN is significantly and deliberately overpaying for acquisitions, writing down $1.1 billion out of $1.6 billion in acquisitions since 2005. These write-downs are equivalent to one-third of FMCNâ??s present enterprise value.
"FMCN: MW initiating coverage w/Strong Sell. FMCN is the Olympis of China. MW is short"
MUDDY WATERS JUST SHORTED FMCN!!!! SHORTING IT NOW!
FMCN HOD 26.94 - 43% gain
FMCN $21.00s and acquiring a 15 percent stake in VISN.
Focus Media Holding (NASDAQ: FMCN - News), China's largest digital media company, agreed to 15.3 million VisionChina Media (NASDAQ: VISN - News) shares for $61 million, giving Focus Media at 15% stake in the VisionChina, which specializes in ads that are run on buses, subways and other mass transportation outlets. VisionChina is up 18% on the news while Focus Media is up 4%.
Entities owned by Focus Media Chairman and Chief Executive Jason Nanchun Jiang and VisionChina Media CEO Limin Li each will acquire 1 million shares for about $4 million, according to the Wall Street Journal.
Focus Media paid $3.98 for each VisionChina American depositary receipt it acquired, a 2.8% premium to where the shares closed yesterday. The deal is expected to be completed in January.
FMCN: SUPPORT @$15 whereas VISN dropped further to $2.80
FMCN up 7.75% in Pre-market! 17-Mar-10 08:26 am
NEW YORK (AP) -- China's Focus Media Holding Ltd. said Tuesday that a drop in one-time expenses helped narrow its fourth-quarter loss.
The company, which runs advertising networks, posted a net loss of $52.5 million, or 39 cents per share, for the quarter that ended Dec. 31. That compares with a loss of $802.5 million, or $6.24 per share, a year earlier.
The most recent quarter included lower one-time charges to account for the falling value of its assets. Excluding one-time items, Focus Media said it would have earned $34.7 million, or 26 cents per share, down from a profit of $50 million, or 39 cents per share.
Analysts polled by Thomson Reuters, who typically exclude special items, expected Focus to report earnings of 21 cents per share.
Revenue fell 8 percent to $144.3 million, better than the $131.8 million analysts forecast.
For the full year, Focus Media's loss shrank to $208.8 million, or $1.61 per share, from $770.7 million, or $5.98 per share.
Ratin
Profet is prfet ronnied folow me to my next aktivation it is okuring trust me it is ging highger. like good ol days chee chee chee you see kimchi moving chee chee chee fest.
I bought this in the 6's Bill. I sold
TOOOOOO SOOOOOOOOOOOOOOON
Ahh you see my FMCN focus media break $15 dolar today I buy when $9 dollars hehe next stop $30 dolar on FMCN before Smarch 2010 bonzaii doubles take patience!
Focus Media Announces Joint Termination of Asset Sale Agreement with SINA Corporation
Press Release
Source: Focus Media Holding Limited
On Monday September 28, 2009, 6:09 am EDT
Buzz up! 0 Print.Companies:Focus Media Holding Ltd.Sina Corp.
SHANGHAI, Sept. 28 /PRNewswire-Asia/ -- Focus Media Holding Limited (Nasdaq: FMCN - News), China's leading multi-platform digital media company, today announced that the Company and SINA Corporation (Nasdaq GS: SINA) have jointly reached a decision to not extend the deadline of the agreement announced on December 22, 2008, by which the Company agreed to sell substantially all of the assets of Focus Media's digital out-of-home advertising networks. The agreement was set to expire if approval from the Chinese Ministry of Commerce was not received by September 30, 2009.
Related Quotes
Symbol Price Change
FMCN 11.03 0.00
{"s" : "fmcn,sina","k" : "c10,l10,p20,t10","o" : "","j" : ""} Jason Jiang, Chairman and Chief Executive Officer of the Company said: "The recently launched special zone for Focus Media's advertisers on the portal of SINA has preliminarily proved the synergy our business might have with SINA. Although we will not move forward with the merger, we will continue further and more intensive strategic cooperation with SINA in the long run, to give full play to the advantages and strengthen the competitiveness both Focus Media and Sina enjoy in our respective media spaces."
About Focus Media Holding Limited
Focus Media Holding Limited (Nasdaq: FMCN - News) is China's leading multi-platform digital media company, operating the largest out-of-home advertising network in China using audiovisual digital displays, based on the number of locations and number of flat-panel television displays in our network, and is also a leading provider of mobile handset advertising and Internet marketing solutions in China. Through Focus Media's multi-platform digital advertising network, the company reaches urban consumers at strategic locations and point-of-interests over a number of media formats, including audiovisual television displays in buildings and stores, advertising poster frames and other new and innovative media, such as outdoor light-emitting diode or LED digital billboard, mobile handset advertising networks and Internet advertising platforms. As of June 30, 2009, Focus Media's digital out-of-home advertising network had approximately 128,000 LCD display and digital frames in its commercial location network and approximately 285,000 advertising in-elevator poster and digital frames, installed in over 90 cities throughout China, and approximately 130 outdoor LED billboard displays in Shanghai and Beijing. For more information about Focus Media, please visit our website at http://ir.focusmedia.cn .
Safe Harbor: Forward-looking Statements
This press release includes statements that may constitute forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Focus Media may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission on forms 20-F and 6-K., in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Focus Media's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. A number of important factors could cause actual results to differ materially from those contained in any forward- looking statement. Potential risks and uncertainties include, but are not limited to, risks outlined in Focus Media's filings with the U.S. Securities and Exchange Commission, including its registration statements on Form F-1, F-3, F-6 and 20-F, in each case as amended. Focus Media does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
This release is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration. Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from the issuer or selling security holder and that will contain detailed information about the company and management, as well as financial statements.
SINA share distribution coming. Lots of value here. No debt.
Reiterated BUY by Roth Capital today.
China Keeps Losing Focus
By Rick Aristotle Munarriz
March 24, 2009 | Comments (2)
Remember when making the argument for Focus Media (Nasdaq: FMCN) as a growth stock was a piece of marketing cake? Now we're down to scratching our heads as we approach Focus Media as a ridiculously mispriced value stock.
This isn't exactly a good thing, but read on and decide for yourself.
The company's fourth-quarter results were a little less than Wall Street was expecting. The adjusted $0.39 a share on $192.1 million wasn't good enough when analysts were betting on a non-GAAP profit of $0.44 a share on $193.8 million.
The results grow even more uninspiring when you compare the businesses that Focus Media will be keeping to the moneymakers that it agreed to sell to SINA (Nasdaq: SINA) three months ago.
Continuing operations accounted for $7.3 million in net income on $87.2 million in revenue. The discontinued operations that it will likely hand over to SINA next quarter were good for $42.7 million in adjusted profitability on $104.9 million in revenue. In other words, net margins clocked in at 8% for what Focus Media is keeping and a healthy 41% for what it's selling.
The upside, of course, is that SINA is hungry enough for advertising help that it has no problem paying up for Focus Media's high-margin, out-of-home advertising arms. Focus Media will be receiving 47 million shares of SINA, which it will distribute to its shareholders.
Here is where the growth stock earns its value investing wings. Focus Media has 128.6 million shares outstanding after recent share repurchases. Divide the number of SINA shares that will be issued into the company's existing share count and you get a ratio of roughly 0.365 of SINA for every Focus Media share held. If the ratio holds up, it would translate into $8.36 a share in SINA value for every share of Focus Media based on last night's close of $22.91. That is a juicy 46% premium to where Focus Media closed last night.
It gets better. Focus Media will be keeping $142.4 million -- or $1.11 a share -- of the $422.9 million in cash it presently has on its balance sheet. Add the cash and SINA stock, and it's now a 65% premium to Focus Media's stock.
The gravy here is that Focus Media will also be keeping profitable -- though obviously working off leaner margins -- businesses like Chinese online ad specialist Allyes, a movie theater advertising network, and a few conventional billboards.
Sure, there's a reason why SINA passed on these remains of the day. It's not just the crummy margins. Focus Media sees continuing revenue of at least $55.5 million during the current quarter, indicating a sharp sequential decline of as much as 36%.
Investors certainly have plenty of ways to play the advertising market in China. Baidu.com (Nasdaq: BIDU) is the undisputed search engine champ. There are also a few niche-specific marketing mavens like AirMedia (Nasdaq: AMCN) in airports and VisionChina (Nasdaq: VISN) in mass transportation.
Focus Media likely has the biggest warts of them all.
So, what's a growth investor to do when a pre-Olympics winner like Focus Media goes from medal contention to being booted as worthless? It's your call, as growth investors sell their stakes to value investors.
http://www.fool.com/investing/high-growth/2009/03/24/china-keeps-losing-focus.aspx
FMCN has hit some radars today!!! Could be a nice profit here!!!
Focus Media (FMCN): Riding the Wave of Chinese Ad Boom
http://www.beaconequity.com/index.php?option=com_content&task=view&id=1450&Itemid=27
where iz everybody????
They will and then you will go Hee Haww...lol
Yeeee Haww!!
or Hee Haww...lol
Olympic rev's are coming...GLTA
Was just on Cramer's Mad Money....says 75 target for 08
Any one else own this stock? I have had it at several levels just bought more on the drop from the nasdaq problems. This stock is all set to go for olympic gold! I cant decide if I should hold till just before the olympics start or till just after on earnings news. I am thinking sell before olympics at this point.
biodieselmama
Interesting posts from a year ago. Looks like FMCN won big.
And remains strong.
Some major consolidation in FMCN today. I guess we all knew it was coming sooner then later.
IMMG continues it move higher. Expecting a lot more.
Good time for all FMCNers to grab a position.
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Muddy Waters rates Focus Media Holding Ltd. (NASDAQ: FMCN) shares a Strong Sell because of significant overstatement of the number of screens in its LCD network and its Olympus-style acquisition overpayments. The $1.1 billion in write-downs from its acquisitions exceed one-third of FMCN's enterprise value, making FMCN's acquisitive behavior more destructive than Olympus's to shareholder value. FMCN insiders have sold at least $1.7 billion worth of stock (two-thirds of FMCN's enterprise value) since FMCN's IPO. At the same time, the insiders and their business associates further enrich themselves by trading in FMCN assets, while costing FMCN shareholders substantial sums of money.
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Use of Muddy Waters LLC's research is at your own risk. You should do your own research and due diligence before making any investment decision with respect to securities covered herein. You should assume that as of the publication date of any report or letter, Muddy Waters, LLC (possibly along with or through our members, partners, affiliates, employees, and/or consultants) along with our clients and/or investors has a short position in the stock (and/or options of the stock) covered herein, and therefore stands to realize significant gains in the event that the price of stock declines. Following publication of any report or letter, we intend to continue transacting in the securities covered therein, and we may be long, short, or neutral at any time hereafter regardless of our initial recommendation. This is not an offer to sell or a solicitation of an offer to buy any security, nor shall any security be offered or sold to any person, in any jurisdiction in which such offer would be unlawful under the securities laws of such jurisdiction. Muddy Waters, LLC is not registered as an investment advisor. To the best of our ability and belief, all information contained herein is accurate and reliable, and has been obtained from public sources we believe to be accurate and reliable, and who are not insiders or connected persons of the stock covered herein or who may otherwise owe any fiduciary duty or duty of confidentiality to the issuer. However, such information is presented "as is," without warranty of any kind - whether express or implied. Muddy Waters, LLC makes no representation, express or implied, as to the accuracy, timeliness, or completeness of any such information or with regard to the results to be obtained from its use. All expressions of opinion are subject to change without notice, and Muddy Waters, LLC does not undertake to update or supplement this report or any of the information contained herein.
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