China MediaExpress Holdings, Inc. (fka CCME)

[value1008]

Hey guys (Viking, Ryan, Cristo, Pedro et al.), glad to see you bringing up this topic of EPS for 2011, and elaborating on the specifics.

This is something that Viking, Dan and i were discussing back in Nov., and i was pointing out that the artificially low GAAP Q1 2010 EPS (0.27) would be dropping off, replaced by a much bigger number for Q1 11.

It's amazing to think that within just 5 months, mid-May, CCME will ALREADY have trailing (ttm) EPS of at least 3.40, higher than Northland/Darren's FULL YEAR 3.29 conservative estimate, and much higher than Ping Luo's (as-yet-unrevised) full-year sub-3.00 EPS.

Just a measly sector-low-low-low P/E of 12 puts CCME at $40 by latter May at such an EPS.

For a co. growing at 35%-40% yearly, it makes no sense to have CCME valued at a multiple this ridiculously low (P/E=12), especially after CCME's second full-year Deloitte-audited 10-K nullifies any reason to still be handicapping CCME with the "untrustworthy China smallcap risk discount."

So, with some major analyst support, i think CCME will eventually ascend this year, likely after Q3, to a deservedly higher P/E around 18-20. That could easily put CCME at $75-$80 by November, a 4-bagger from here.

Long before this, CCME will also have a market cap of over $2B, making it a mid-cap stock, and an even "safer" and "more solid" investment for institutions, retail investors, et al. to keep buying shares and driving up the shareprice.