Replies to post #12242 on China MediaExpress Holdings, Inc. (fka CCME)

[seekingjustice2]

MrMajik55,

No, still alive and writhing like the snake it is :). You can catch it at Yahoo and I'm looking at it now.

[seekingjustice2]

Here's the guts of it. Ripped them out myself.

What: Shares of China MediaExpress (Nasdaq: CCME) plunged today on high volume, after Citron Research opined the stock was "too good to be true."

So what: Citron asserted that China Media's growth and profits -- on a similar order as Focus Media's (Nasdaq: FMCN) -- are implausible given the company's much smaller expenditure base. It further alleged that China Media is a "phantom company" that is conspicuously absent from local media coverage, industry reports, and analyst coverage, in contrast to names like Towona, Bus-Online, and VisionChina Media (Nasdaq: VISN).

Now what: Citron has been a vocal critic of other companies it claimed to be frauds, notably China-Biotics and, more recently, China Valves and Great Northern Iron, and many people take their analysis seriously. If I owned shares of a stock which Citron reported on, I'd want to examine their claims.

[KurtNYC]

fool.com link

http://www.fool.com/investing/international/2011/01/31/china-mediaexpress-shares-plunged-what-you-need-to.aspx?