China MediaExpress Holdings, Inc. (fka CCME)

[Headley Lamar]

If you assume that for any acquisitions they were going to pay, say, 7 times net income, they already have enough cash on hand to generate an additional $25 million in net income for 2011. That doesn't even take into account cash flow from operations that they can leverage throughout the year.

Penetrating a new market such as tourism buses or sky mall should cost considerably less than the cost of acquisitions, so that will be an excellent ROI vehicle as well. We all know how inexpensively they can feed their organic growth in the current airport and inter-city buses.

There is definitely a lot of opportunity with the assets that they have available to them. The beautiful thing is that they have enough cash and cash flow to fund a healthy dividend program AND grow the business like crazy. 2011 should be a fantastic year for CCME.