China MediaExpress Holdings, Inc. (fka CCME)

[GorillaGorilla]

Minimum Revenues: Assuming that Bus numbers is proportional to Revenues

Bus numbers from the 10-K
April 2010 21,500 [1]
Dec 2008 15,260
June 2009 16,000
Dec 2009 20,161


So, for Q1 and Q2 this year we have minimum of 34% more buses than last year. If I say income is going to be
2009 + Bus increase
Q1 + 30% = 9,691,500
Q2 + 34% = 11,096,540
Q3 + 20% = 13,996,800
Q4 + 07% = 15,622,000

Which take us to around $50M Net Income. Without any additional buses. The Starr agreement had clause that they would do $55M Net Income and I can see that they are close with the number of buses they have now.

rich

[1] http://finance.yahoo.com/news/China-MediaExpress-Holdings-bw-1578197139.html?x=0&.v=1