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Focus Media Holding Ltd. Message Board

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  • antislapp1 antislapp1 Dec 29, 2012 12:55 PM Flag

    Is this a done deal?

    Who knows? We all DO know that the accounting is a fraud. That is a fact. But there may be extreme value in the land holdings, hence the valuation and the take-out price. That is what makes this as interesting as HRBN. The shorts were 100% correct with their analysis except they forgot about what the real estate was worth. The company keeps saying the deal is done and it should have closed by now, so buying the out-of-the-money puts is a cheap way to play the potential downside, because if the deal doesn't get done this goes below $10 per share in a heartbeat. Then again, this could be another HRBN and actually close.