Headley, i completely agree with your idea of a possibly much higher P/E for CCME. As some of us have been saying, a divi would bring in a mass of new divi-cherishing investors from another region of the investing world and would, of course, smoke out the shortsellers and bring in more momentum traders.
CCME could, over the next few months, especially with IBD picking them up, analyst coverage from the "majors" (MS, Citi, BofA/MerrillLynch, et al.), come to be perceived by the Street as "best of breed" in this China ad space and get bid up very dramatically to a P/E of 20, 25 or more, especially if they can show at least one more big revenue stream coming their way from a new biz segment... which may be announced sooner than later.
It's so tempting to get clever here and try to successfully trade on the spikes and pullbacks, like Fernando and JoeN (John) did earlier in the week, but i think steady longs will sleep easier knowing that this stock has all the signs of going to $30 or $40 within a few-to-several months, and, if it becomes a minor or major "darling" for the Street, MUCH HIGHER next year and beyond.
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