Sunday, August 17, 2008

OLYMPIC Fever!!! ~ Focus Media Holding Limited (ADR) (Public, NASDAQ:FMCN)

 Who's watching the OLYMPICS? 

Focus Media (FMCN)
26.25
+0.64
 (2.50%)

Buy (FMCN) on the DIP! 


FMCN reports strong results with a $100M Buyback! 

 China's Focus Media (FMCN) posted its unaudited financial results for the second quarter ended June 30, 2008 and said total revenues grew 106.8% year-over-year and 31.1% quarter-over-quarter to USD211.7 million.

"We saw strong revenue and earnings growth in the second quarter of 2008. As a result of our focus on core businesses, our operating cash flow increased significantly from the previous quarter. Although our business was negatively impacted by the earthquake in May, business conditions rebounded quickly in June. In addition, we expanded our network capacity significantly in the second quarter. For example, the total installed base of digital poster frames exceeded 25,000 units as of June 30, 2008 and is well on its way towards our goal of a 50,000 to 60,000 installation base by the year end," stated Dr. Tan Zhi, CEO of Focus Media.     

100% Year-over-year ......hmmmmm...  BOTD! 

p.s.  SPEC PLAY:  The $5 CHINA IPO!!! ... BUY (CMM) ChinaMassMedia 

p.s.s.  what more CHINA?   ShengdaTech (SDTH) beats ...up 8% AH. 

5 comments:

Big Mike said...

fmcn already up 11% at open, how far of a dip should we wait?

ps made a good chunk of STP thanks!

GO TEAM!

todd said...

Don't you love it when people start a sentence with; "I hate to be a pain in the ass, but..."
So, I'll leave that part out. Could you do me a favor though and change the URL to my blog TODDSTRADE. I just moved it to a more appropriate address at toddstrade.blogspot.com
I would very much appreciate it.

-todd

BUY ON THE DIP said...

no prob, done.

jd said...

DIE market die.

I'm annoyed by this so called dollar rally, central banks inflating their currencies to prop up the dollar all at the same time.

jd said...

The only other thing I can accept is this:

http://tinyurl.com/5qnkyb

However I still think the announcements from the other central banks is what triggered the above. Collusion and thus manipulation.