China MediaExpress Holdings, Inc. (fka CCME)

[Cristo999]

Great dialogue today on EPS projections for the next two quarters. I certainly see Fernando's point setting slightly conservative expectations. People are so jittery about this stock (not so much the regular contributors to this Board), the last thing we need is for a panic to ensue because (gulp!) 4q comes in less than .80 due to SWITOW start up costs like Marty models or because some seasonal weakness in Q1 brings TTM EPS in at something like 3.15 after Q1. [I still don't think this is going to happen]. This would clearly be a case of losing the forest through the trees. Value's well-founded enthusiasm based on the Company's tremendous track record of smashing expectations is the forest in this case. This company is in a sweet spot in their growth cycle, with many exciting organic growth initiatives (it's almost becoming too many to count), and as I believe Pedro pointed out today, CCME still has a gigantic and ever growing pile of cash for a nice acquisition that could surprise us at any time. We've all got so accustomed to management sitting on the pile of cash that in order to not set ourselves up for disappointment, we have seemingly discounted this possibility to something approaching zero. The consensus on this Board is that CCME will come in somewhere between 3.50 and 4.00+ in EPS this year, and there is no reason to expect any slow down in growth next year. Eventually this track record of growth will be recognized with an appropriate multiple. Wall Street may be slow but it's not blind.