China MediaExpress Holdings, Inc. (fka CCME)

[Headley Lamar]

Agree. When I consider that the primary argument that the shorts fall back on is the impending EPS dilution, I can't help but wear a huge shit eating grin. Even if you factor preferred share conversion and the 7 million share earn out for 2010, FDS will be about 44 million. I am anticipating FY11 $150 million net income with a few wildcards (acquisition, above anticipated returns for SWITOW, significant airport bus contracts) that could far exceed that projection. Even if they just hit the $150 mark they would still garner FD EPS of $3.40.

The shorts are on the wrong side this. At 18x 2011 FD EPS, PPS would be $61.36.