Replies to post #10106 on China MediaExpress Holdings, Inc. (fka CCME)

[Headley Lamar]

If it were relative to FMCN's valuation we'd actually be talking $50s here. And that is if you don't back out their cash.

[Cristo999]

I think 30s is even understated based on a FMCN like valuation. I think 3.50+ for 2011 is just about in the bag based on network as of January 1 and any sort of conservative estimate of continued growth throughout 2011 based on historical trends (forget about SWITOW and other new initiatives) so 35 pps would only put us at 10X 2011. I believe FMCN is getting a much higher forward valuation that 10X.