FMCN will go UP
$43.40 on 8/13/08
$16.40 (-58.03% from time of market call)
FMCN basically has a monopoly of Chinese media sector. The marketing and the natural amount of people that will be watching the games will obviously drive the cost of advertising up. I also dont think that the change in the CEO will affect this in any major negative way. Tan Zhi took his position a couple of months ago and I believe he has benn settled down into his new promotion spot. I say buy now while its low just look at what the company has done in the past 8 months.