Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: MCsweet who wrote (44733)	10/1/2011 3:47:52 PM
From: gcrispin	1 Recommendation Read Replies (1) \| Respond to of 78701

I have a significant position in this stock. A couple of things to note is that the auditor is Ernst and Young, though the accounting firm has raised a red flag regarding the accounting. cnbc.com The company is also in a preferred partnership with GE which holds a large position in the stock. nasdaq.com Cancer is a leading cause of death in China. CCM claims to be the largest provider of radiotherapy and diagnostic services in the country. Radiotherapy is in its infancy in China, and the market for these services should grow. chinadaily.com.cn

To: MCsweet who wrote (44733)	10/1/2011 5:41:50 PM
From: Spekulatius	4 Recommendations Read Replies (2) \| Respond to of 78701

I looked at CCM briefly - the company is expanding fiercly, revenues went from 76M RMB to 350M RMB. Property and equipment as well as Sharecount are expanding even faster than revenues (Sharecount: 17M (2007)---> 49M (2010)). My take is the dividend is payed for by share issues Star (CV) isthe largest shareholder and is a Maurcie Greenberg vehicle and GE is also a significant shareholder (I presume they buy some of their equipment) Both are no dummies and Maurice is an expert on China and serves on the board of several US hospitals. Then on the other hands they own stock in scams like China Media holdings and China cord blood: sec.gov They also have some debt for which they are paying ~7% interest rates (despite having a lot of cash on their balance sheet which pays only 1.5%). This has been another indicator of fraud for Chinese companies. At least the interest rates earnings on their cash are somewhat believable. I am staying away from this because I don't get the business expansion that is financed by issuing increasingly cheap stock. The dividend may just be there to dupe new shareholders in a Ponzi scheme. I don't think that Starr's holding means anything given their record with Chinese stock investments.