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Focus Media Holding Ltd. Message Board

  • raherrgott@ameritech.net raherrgott Jul 7, 2008 11:09 AM Flag

    Dam is this stock sick. Just cant

    get a bid. 3 weeks under 30 and working on the 4th. Not to sure what else they can do to pump it. Everyone loves it, but no one buys it. Not sure if there is something behind the scenes longs dont know about. Do not want to test that 26 low again because am afraid it is not going to hold it.

    Story on Sohu is nothing new and wish they would stop posting it in Chinese.

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    • I am betting that FMCN will go lower (low 20's or even high teens) before we see a recovery.

      We could see stagnation for the next four weeks.

      Long term, I am very bullish on FMCN. I think this will be a good $60 stock in the next 1~2 years. This is an excellent return if you plan to invest today

      • 1 Reply to billonair49
      • billion-heir...if you are so bearish short term then please short it. there is nothing newsworthy that indicates more downside than upside in the near term. the bad news is priced in. With shares currently trading at 11x 2009 PF EPS vs. 25-30% LT growth and Q2 tracking according to plan, the current risk/reward is very compelling and with cash flow improvements now that they've paid for CGEN that will improve as well. all the news is positive (rumors are displaced by new company transparency). stock is oversold and the cover days are around 7 at 3m shares a day setting a possible short squeeze. when this starts to roll it will be a momentum play. this is the price area to buy or hold what you own. I own 12,000 shares and will hold.

 

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