Thursday, September 23, 2010 11:15:32 AM
Frankly, that was in discussion under one of recent SeekingAlpha articles. I have not in my notes where exactly that was.
His point was that CCME has just several hundred buses because it was said in CNYD PR.
That is even weaker argument than interest rate nonsense (all figures fit fine with 0.36% demand deposit rate - and part of cash is in Hong Kong accounts where interest rate on demand deposits is nearly zero).
PR (again, if that is that one) clearly does not speak about CCME. Description of business is different, CEO is different.
To sum up - shorts, try harder
))
His point was that CCME has just several hundred buses because it was said in CNYD PR.
That is even weaker argument than interest rate nonsense (all figures fit fine with 0.36% demand deposit rate - and part of cash is in Hong Kong accounts where interest rate on demand deposits is nearly zero).
PR (again, if that is that one) clearly does not speak about CCME. Description of business is different, CEO is different.
To sum up - shorts, try harder
))
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