China MediaExpress Holdings, Inc. (fka CCME)

[Headley Lamar]

It is clear that earnings does little to move CCME. The announce $.81 a share and it sells off the next day. The current valuation still has CCME in the little to no repect category (anything under 10 is IMO) and it is so clear to me that the respect is a function of their use of cash. They announced a buyback and we ran 100 percent, They announced huge earnings but no acquisition plans or divi and we've retraced 20 percent.

If I have to sit through one more Quarterly CC and listen to Jacky say "acquisitions remain a top priority for us" I'm going to pull my hair out.

If there are really that few acquisition prospects out there then get on the ball with new product lines and the divi. At some point the amount of money they have idle becomes absurd.

Still very bullish, but in case you can't tell very frustrated about how they manage their cash and the lack of expectations and transparency about what they are going to do with it.