My first post here, just joined i-Hub. It seems with a moderator here, there are a lot less useless posts compared to YMB. Since my ID shared the same first 3 letters; posters there even accussed me that I'm seasaw. That said, seasaw is still not on my ignore list due to entertainment value :)
I was wondering whether Thu price drop was due to CGA / J Capital news; compounded with Brean Murray downgrade? Sell first, question later?
At current valuation (using P/E and P/Op.CF comparison), I found that CCME is valued close to ONP and even lower than CHBT (as of Dec31). Neither has big 4, US firm investment and growth like CCME.
CCME - ONP - CHBT
P/E: 6.7 - 7.9 - 11.0
P/Op. CF: 6.4 - 6.2 - 10.0 (I like to look at Op. CF to filter out A/R impact).
If those shady 'research firm' drops the bomb on CCME, I'm guessing the price drop will be limited (<10%) due to already extremely low valuation as well as such a huge short positions. In fact, I won't be surprised the opposite can happen (sell short on rumor, buy on news).
