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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Madharry who wrote (40004)	11/11/2010 9:01:12 AM
From: Mr.Gogo	Read Replies (1) \| Respond to of 78594

CCME- China MediaExpress Almost doubling revenue every year. P/E: 8 Zero debt Almost all of the assets are Cash and equivalents. Price to book is a 4.5 I bought it at 10 and sold it at 10. Just got scared. What do you guys think? Late to the party, but still looking good IMO. Good Investing, Georgi

To: Madharry who wrote (40004)	11/11/2010 10:03:18 AM
From: Spekulatius	Read Replies (1) \| Respond to of 78594

re CCCL >>ok once again you have forced me to do more research.<< <g> I don't know if CCCL is a fraud. I said maybe, which really does not say much with respect to Chinese microcaps. I did go through the filings and looked for what I considered BS statements. The brand name value is surely one of them that is fairly obvious. The other one is that CCCL claims to concentrate on Tier II and Tier III cities. But even if that were the case, if the RE building boom in Tier I cities stops, the tile market would still break down just about everywhere since tiles are more or less a commodity. CCCL like many other Chinese microcaps has a 4 layer cooperate structure with two holding companies between the US subsidy and the Chinese operating company (one HK holding and one offshore (Cayman)). Again this does not prove of imply fraud, it just makes it more convenient for management and virtually assures that in the case of cases nothing will be left for shareholders.