China MediaExpress Holdings, Inc. (fka CCME)

[chensiona]

I think management is pretty much guaranteed their incentive shares for 2010 at this point, and if that is the case then I expect an anouncement of a share buyback program in the near future. Though it would make more sense if they did it before earnings and its what I'm expecting.

The only way it wouldn't make sense to do a buyback is if they needed the money for an acquisition in the works which I don't think is the case, and that means they can and should use some of the cash for a buyback.

I like the management of CCME and think they realize the benefits of a buyback for shareholders, and the signals it will send to the markets and institutions about their confidence in the company.