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VisionChina Media Inc |
I strongly believe that VISN might be a takeover target from a Chinese
web portal. FMCN sold their out-of-home advertising unit to SINA.
Baidu and or Sohu might be in the market too. Take out price could be
around $13-16.
Might happen anyday? IMHO...
Remember that in the conference call, they did elude to the fact that
the industry is slowly consolidating.
Quote from Limin Li during the conference call.
"Our long-term goal is to increase our market share going forward. One
of the ways to achieve this goal is through mergers and acquisition
deals at the right valuation that will create value for our
shareholders. We believe our industry is poised for consolidation and
expect to play an active role in this trend. Just one of the many
benefits of industry consolidation will be that operating in a less
fragmented industry will alleviate some of the pricing pressure
already having a negative impact on our operating results."
http://seekingalpha.com/article/133849-visionchina-media-inc-q1-2009-...