Oops - I did It Again

Yesterday I did buy another stock that is not on the list (but should be). It is CCME and is another Chinese company (yes I know these stocks have underperformed for me of late, but the alloure of cheapness plus growth potential is hard to resist). They are involved in advertising. What made them irresistable to me was a couple of points (China MediaExpress Holdings, Inc. Announces 2009 Fourth Quarter and Year-End Financial Results):

1. They expect to make $71 to 75m in 2010 (strong growth over the $56m in 2010)
2. Starr Intl just invested $30m in them. For those that do not know, Starr is Hank Greenberg's investment vehicle (former AIG CEO). He is extremely familiar with China as AIG (many people do not know this) actually started in Shanghai post WWI.

Here are their key stats (I think the only reason they are not on the list as they show cumulative income in 6 month chunks as opposed to quarterly):

		ccme
+	Operating Income After Depreciation	56.64
-	Minority Interest - Income Account	-
=	Income for Calculation	56.64
	Diluted Shares Outstanding	29.137
	Share Price	12.29
+	Market Cap Calc	358.09
+	Preferred Capital	-
+	Debt in Current Liabilities	-
+	Long-Term Debt	-
	Cash and Short-Term Investments	57.15
-	Excess Cash	47.13
=	Enterprise Value	310.97
+	Property Plant and Equipment - Net	11.07
+	Receivables	12.57
+	Inventories	-
+	Other Current Assests	0.25
+	Working Cash	10.02
-	Accounts Payable	2.18
-	Current Liabilities - Other	20.66
=	Invested Capital	11.07
	Earnings Yield	18%
	ROIC	512%