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Strategies & Market Trends : Value Investing
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To: Spekulatius who wrote (44750)10/2/2011 10:19:28 AM
From: MCsweet   of 78667
 
CCM,

Clownbuck, good points but you miss the obvious.

There was a US IPO for CCM in 2009. That is why the sharecount increased so much. The reason they have been expanding is that expansion was the entire purpose behind their IPO. It could be a sign of fraud, but you can't blame a company for following up on its IPO business plan. What's more, if they are continuing to expand then taking on debt while they can makes sense, as the remaining cash can be used to fuel the expansion later on.

Since IPO they have decreased sharecount, having bought back stock last year. And of course they just announced a huge buyback.

MC
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