Replies to post #4230 on China MediaExpress Holdings, Inc. (fka CCME)

[bradford86]

at $3, if they waste the buyback at $8, they have $90M in cash for a $109M company that's going to be making $121M next year.

so sure, they use all their cash to buy back the entire float, and get to go public again... haha. hopefully at a reasonable multiple, $1B+

[tiesto]

Would you like to wager a gold coin on that? If I can set up the transaction, will you put your money where your mouth is?

[value1008]

JJ, Joe's point about the shakiness of the markets needs to be contemplated here... Furthermore, I've always suspected some illegal naked short selling going on here (flooding the market with FTD counterfeit phantom shares) in addition to the shorts' legal trading tricks (e.g. flashing high sell orders, etc.), and i think shorties are trying to do their legal and illegal meddling right now.

I do think all of this blatant manipulation will eventually pass and we'll have a more mature stock (like FMCN) being traded at a fairly "sane" multiple.

Short-term things might look scary to some, but not medium- to long-term.

All CCME needs is to be eventually bid up to HALF of FMCN's forward P/E of 17 (and CCME's fundamentals run circles around those of FMCN), and, based on likely 2010 EPS of at least 2.75 (especially if they actually do buy up a lot of shares in the coming weeks/months), you'd have a $24 stock within several months --a nearly 200% gain from here, not merely 75% gain. With more market confidence, that P/E could rise to match FMCN's multiple, and longs will be richly rewarded for their patience.

[chensiona]

Wow you're just like a clone from the yahoo boards.

You never offer any substantial agrument or information just constant fear mongering.

PPS lower than $3? You keep smoking that pipe, but next time get the good stuff.