**We'll see how Q4 comes turns out, but I suspect that will only put CCME at a pultry 10x TTM earnings**
There's the real rub, the multiple. If we assume the shorts eventually capitulate in the wake of the current and the future onslaught of good news then what kind of multiple will the market give CCME in 6 months, or 12? All else being equal (meaning the global economic recovery continues) I think the SEC crackdown on small cap China plays will be good for CCME. While I doubt it will ever get the p/e it deserves a strong case can be made (based on cash reserves, cash generation, and growth) for something in the mid to upper teens. The essential element still missing in order to get there is either greater fund ownership or coverage by a high profile investment house. Both resulting in a higher level of confidence by investors of all stripes.