China MediaExpress Holdings, Inc. (fka CCME)

[1hothand]

what is this guy talking about ? The settlement with the SEC of some people at Starr? thanks 1hothand.

http://seekingalpha.com/article/225044/comments
RAKawai Comments (33)

RAKawai 1
Followers24
FollowingFollow... to be completed shortly. You don't care that the big names in the field haven't heard of China MediaExpress or the settlement with the SEC of some people at Starr or that no one can seem to pinpoint what the firm's long term competitive advantage (moat) is that is keeping their margins so high and competitors at bay?

I've done quite a bit of digging on CCME, and when people casually suggest it is undervalued on a P/E or P/B or PEG metric, I worry. There are some holes in the long thesis. While there is currently no definitive proof of fraud, I've had more questions about this one than others.

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Disclosure: I am not long nor short CCME, nor do I own derivatives. I may initiate a long or short on CCME in the near future depending upon further collected information and the price of the stock at that point. I do not make any specific buy/sell/hold/short/cover recommendations. My statements and opinions are not to be construed as such. I do not warrant the accuracy of my statements and will not be held liable for any losses. Please do your own homework.