An irreverent look at Wall Street
Palmoni or anyone....know why CCME is getting beaten down so hard?
Guess you are back. Thanks!
Still tied up w/biz in Jersey tho...so much red tape in this state!!
Anno - any idea of CCME BEAT DOWN today? is it really fruad?
All Chinese small caps are getting destroyed since investors are raising questions about their accounting. Many of these companies are fudging their numbers, but there are some legit companies that are being wacked with the rest. An article posted here http://brontecapital.blogspot.com/2010/09/travelling-through-china-with-universal.html got the ball rolling today. If the cash on CCME balance sheet is real then expect to see some kind of share buyback to be announced in the near future. Remember this company is new and it takes time to build trust with the investment community especially if you are operating in China.
careful posting Citigroup stuff.
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