China MediaExpress Holdings, Inc. (fka CCME)

[gunnar]

I agree with you but management also keeps stating that they are responding. They have prominently mentioned a buyback and dividend, privately to individuals but also to the general public during the recent conference. The question is, when? Where is the announcement?

On the one hand it seems like they aren't doing enough. But with most of these China companies the advice would be: a) get a big-4 auditor, b) get a big US investor with clout on board, c) avoid complicated balance sheets or heavy AR, d) be proactively transparent, show us the buses, customers, ad agencies, etc. etc.

The problem is they have already done all of the above, but are still caught in the shorting/bashing whirlpool for reasons I can't fathom. I certainly hope they are about to announce a very significant program to deploy their cash, either in direct support of their shares or in an accretive acquisition.