China MediaExpress Holdings, Inc. (fka CCME)

[viking86]

Hi Value: I am looking forward to the day Q1'11 eps is announced. As you pointed out, GAAP will look very strong this year w/o the 9M+ deemed divi from prefs that weighed Q1'10 eps down from 0.54 (non GAAP) to 0.27 (GAAP). If it comes in this year at 0.80+ as I strongly believe, compared to 0.27, that's a yoy growth of almost 200%. Wow, that would make a nice headline.

Re. ttm eps, I am expecting ttm eps to be about 3.30 (doable) when Q1'11 is announced although 3.40 is possible IF they add more busses, esp. tour busses, and/or book some rev. from new sources early in the Q. I think the update/guidance due to come out soon may give more clues in this respect.