Replies to post #30217 on China MediaExpress Holdings, Inc. (fka CCME)

[Seawave7]

@50% of the business, $5 per share is only P/E = 4x.
IMO, that's way pessimistic. VISN and FMCN are fetching >20+ P/E.

Applying P/E 10x = $12.4 (@50% business).

With all clear signal (if it happens), the P/E will quickly expand, not counting squeeze. Therefore, I still believe the risk is on the upside from current halted price.

Whether CCME can regain trust will depend on what 'sins' they committed and the plan to remedy the situation. I hope Cheng learned from these. The ad market they are in are enviable given the growth in that sector. He could lose everything by going dark especially with Starr breathing behind his neck.