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Muddy Waters Skewers China MediaExpress Holdings (CCME), See 60%+ Downside

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Thu, 02/03/2011 - 14:20 | 931596 Bill Lumbergh
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That explains the 20% drop in a matter of minutes...but good enough for a quick in and out of $100...at least buys me a few bottles of wine before the Bernank necessitates the use of $1,000 bills.

Thu, 02/03/2011 - 14:47 | 931764 tonyw
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When the directors are dishonest how can the company have any value?? They will just loot anything left.

 

Wed, 07/27/2011 - 07:31 | 1497113 kiran1234
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This looks completely perfect. All these tinny details are produced with lot of background knowledge. I like it a whole lot. This was a helpful post and I feel it’s rather straightforward to see from the other comments at the same time that this post is well written and useful divorce lawyer nyc

Wed, 07/27/2011 - 07:32 | 1497116 kiran1234
kiran1234's picture

This looks completely perfect. All these tinny details are produced with lot of background knowledge. I like it a whole lot. This was a helpful post and I feel it’s rather straightforward to see from the other comments at the same time that this post is well written and useful divorce lawyer nyc

Thu, 02/03/2011 - 14:23 | 931655 Horatio Beanblower
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That was a big takedown. "China MediaExpress: Groundwork, Research, And Videos to Disprove Allegations" - http://seekingalpha.com/article/250498-china-mediaexpress-groundwork-research-and-videos-to-disprove-allegations?source=marketwatch

Thu, 02/03/2011 - 14:31 | 931690 HelluvaEngineer
HelluvaEngineer's picture

Will one of these groups please take a look at BIDU, the worthless censored search engine in China that claims huge growth, quarter after quarter?

Baidu continued its impressive growth trajectory in the fourth quarter, almost doubling revenue year over year to CNY 2.45 billion, thanks to a 24% increase in the number of paying customers and a 56% increase in average spending per account from the year-ago quarter.

...the current market price implies forward price/earnings of 55 times, enterprise value/EBITDA of 41 times, and a free cash flow yield of 1.8%

Thu, 02/03/2011 - 14:43 | 931733 Oh regional Indian
Oh regional Indian's picture

Feels like a snapshot of the coming trade-wars...but played out on Zero-Hedge.

Sure Chinese companies Pump and Dump.

While US companies inflate and explode.

Same end result.

A 100 of these chinese fake companies will not one Enron make.

ORI

http://aadivaahan.wordpress.com/2011/02/03/my-vision-for-cairo-and-giza-4th-february-2011/

Thu, 02/03/2011 - 15:02 | 931834 callingnew
callingnew's picture

this is old news to citron research.  bear meat with a squeeze of lemon.

http://citronresearch.com/

Thu, 02/03/2011 - 15:03 | 931837 Dingleberry Jones
Dingleberry Jones's picture

I still want to know what's up with Muddy Water's CGA call.  They've shirked the shorts and have moved back up. Their execs have also refuted the MW report.  Awaiting an MW response.

 

Thu, 02/03/2011 - 19:20 | 932929 slaughterer
slaughterer's picture

I have analysts double checking the MW report.  It contains some false information about CCME from old, outdated websites of their clients.  It really looks like the shorts that were getting squeezed paid MF off to publish this.  Disclaimer: no position.

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