CHINA MEDIAEXPRESS HLDGS INC CCME
March 17, 2010 - 2:00am EST by
member
| 2010 | 2011 | ||||||
| Price: | 12.16 | EPS | $1.06 | $2.11 | |||
| Shares Out. (in M): | 39 | P/E | 11.0x | 6.0x | |||
| Market Cap (in $M): | 468 | P/FCF | 11.0x | 6.0x | |||
| Net Debt (in $M): | -100 | EBIT | 60 | 119 | |||
| TEV (in $M): | 368 | TEV/EBIT | 6.0x | 4.0x | |||
Description
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| 105 | |
ehh, i've done dumber. . . it was a fun thread to follow and you guys were both entertaining.
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| 104 | |
Per section 2, subparagraph 6 of my agreement with heffer. Only 11 more steps in my personal 12 step process.
Despite heffer's offer last week of amnesty, I figured I better make good on my promise. | |
| 103 | |
China MediaExpress Holdings, Inc. Announces Resignation of Independent Auditor and Chief Financial Officer
The DTT resignation letter stated that DTT was no longer able to rely on the representations of management, and recommended that certain issues... login to read the rest | |
| 102 | |
i am willing to let bygones be bygones... especially since i pitched gmcr as a short at 29... | |
| 101 | |
Is this going to involve castor oil? | |
| 100 | |
Well seeing as I've already been crowned humble pie poster boy before the company actually capitulates, just want to keep the facts straight here. Made money on the long side of this a while back,... login to read the rest | |
| 98 | |
Here's the thing (and I am SHORT CCME and think that the shorts are 100% correct on the facts): You guys are doing a victory lap, but the stock is up since the write up!
And this... login to read the rest | |
| 97 | |
right, right, right!!! | |
| 96 | |
seemed to me that the salesperson confirmed that the company was lying to regulators, destroying evidence, and had overstated the number of buses in its network. did you have a different take? | |
| 95 | |
Heffer...can you spell out what you think happened on that call between a CCME salesperson and a representative of Muddy Waters? How does it further establish a presumed fraud? | |
| 94 | |
Actually, I prefer KY in combination with some prison-style lovin'. If Muddy is correct in their assertions, the auditors will be forced to refuse to sign off. When they do, you'll have my mea culpa. | |
| 93 | |
http://www.youtube.com/watch?v=cLAm-dJh2fI
time for the castor oil? | |
| 91 | |
Other than having Deloitte as auditors, the other major point offered in defense of CCME not being a fraud is the investment by Starr International- a local entity that presumably has the resources to figure... login to read the rest | |
| 89 | |
I refer the fair-minded to your post, #8, in which you commented as follows:
"...you've mentioned deloitte as a positive data point. since im a little familiar with painstaking effort the big 4 expend on being... login to read the rest | |
| 87 | |
Your indictment of Deloitte Touche Tohmatsu is, to be kind, obtuse. Why are they deserving of a snide look? Because they are not the "Deloitte & Touche you're familiar with"? What does that mean?
Each of the big... login to read the rest | |
| 85 | |
Hi Round,
I know no more about CCME than these posts and a quick review of the newsflow and recent documents. Certainly not as much as you. But I have to say you look to be... login to read the rest | |
| 84 | |
Yeah, I've always thought if there was an alternate universe around here it was the alternate universe where you could generate growth and margins that would make Bill Gates weep with envy by sticking TVs... login to read the rest | |
| 83 | |
Round,
I've certainly disagreed with you on occasion, but appreciate the fact that you're not afraid to stake out controversial opinions. It's what makes sites like this worthwhile.
As for CCME, I think they should make a | |
| 81 | |
The arguments that are being hurled in the direction of this company are starting to have an other worldly feel to me. The latest angle, challenging the ligitimacy of major accounting firms (previously those fly... login to read the rest | |
| 80 | |
OK, I definitely can't vouch for the accuracy of who this might or might not be, but found this link on a CCME chat board and got a good laugh out of it. This is... login to read the rest | |
| 79 | |
The $17M estimate of revenue by Muddy Waters was a bit strange and obviously a back-of-the-envelope calculation. I think the purpose of the exercise was to roughly estimate how big the business could be based... login to read the rest | |
| 78 | |
Sorry - I mentioned this in the messages a while ago, I actually just realized there was a button to click to "close position"... The discussion is extensive below, as I mentioned, the main thing... login to read the rest | |
| 74 | |
Wow!!!
Did anyone actually read the "report". I did. It's a joke. The fundamental claim is that revenues amounted to $17 mm and not the roughly $100 mm reported by the company. Here's the logic and... login to read the rest | |
| 73 | |
i think i have a lower bar to clear than you do based on assertions made in our prior discussion...
but ok, if there is real evidence that everything is squeaky clean and all the assertions... login to read the rest | |
| 72 | |
OK, how about this. When we have something reasonably approaching definitive evidence that there is a fraud here, and not somebody talking their book, I will post a comment that "ZZZ007 IS A BIG FAT... login to read the rest | |
| 71 | |
i have no position in the name. i am just referring back to your comment:
There are certainly frauds out there, and if CCME turns out to be one by all means come back to the... login to read the rest | |
| 70 | |
literally didn't think about it until today. then saw you had gone radio silent. now i see that you are constitutionally unable to admit blatant and (if you were an analyst at a hedge fund, say)... login to read the rest | |
| 69 | |
Got a copy of MW report. Lots of impressive details, but very difficult in my view to draw conclusions as to the broader picture. MW is talking their book, so of course they'll cherry pick.
I'm... login to read the rest | |
| 68 | |
Wow, have you really been waiting 10 months for a "gotcha" moment? You have too much time on your hands.
I haven't seen the MW report, just the headlines, since the research section of their site... login to read the rest | |
| 67 | |
One thing that I will be very interested in how this plays out is how Starr is involved. All of the allegations seem like things that would be easy for Starr to check. There was... login to read the rest | |