China Growth Stocks

[Drexion2004]

CCME: You can't compare it from Oct's 18k to the 21k right now. Look at the bus count at the beginning of 2009 to see the difference. If I remember correctly, the company had roughly 14.5k-15k busses at the beginning of 2009, giving us a 40% increase at the beginning of 2010.

If you read the 10-k carefully (along with the PR) you can note that the new segment (Embedded ads) which started in August 2009 contributed 12.9M revenue and the company spent 1.5M to produce the embedded ads (third party made them if I remember correctly).

Thats from Aug to December, so that important segment did not contribute in 2009 from Jan to August (2/3 of the year).

This is a VERY significant incredibly high-margin segment.

Regarding the direct clients, I believe Jacky said the CPM rates are roughly 15% higher for direct-client compared to agency-clients. I assume this hold true even now after the agency-clients have gotten that stated CPM price-increase, otherwise they would not be going for direct-clients.


-Fernando