That's true Drexion, however what you don't see with any degree of regularity is a stock that looks so pristine, with incredible growth and earnings announcements, multiple acquisition announcements, an up listing to a premier exchange and no traction in the share price. If everything with this company is so pristine, why are all of the institutional investors, which we know have taken a close look at CCME, giving it the cold shoulder?
Further, CCME has not exactly held strong during the pull back. It is down 23% from it's high 3 months ago - just ask anyone that invested in late April. That is more than the general markets have pulled back.
I am not implying that there is something disingenuous going on within CCME, and it would be irresponsible to impose such a claim as that without any signs. However, I do think that it has to be acknowledged that there may be other negatives out there that we simply don't know about. Can you answer why other Chinese advertising stocks like CNYD and FMCN have enjoyed considerable appreciation since late May / early June while CCME, with better margins, more cash and cashflow, better growth, etc. has been completely ignored?
These institutions are not a bunch of fools, they know good stocks when they see them. It should be deeply concerning to anyone long on this stock that there has not been any analyst coverage yet and that institutional interest has been basically non-existent.
I am sure people are going to call me a basher or a closet short for my posts, but I am very interested in this dialog and feel that anyone that has spent as much time as I have doing due diligence on this stock has a right to discuss these matters in earnest.
I do apologize to the board for calling CCME a POS. That was a cheap ploy and it was not warranted.
AI
