Focus Media Holding Limited (ADR) (NASDAQ:FMCN)
CAPS Rating:
The Company is an out-of-home multi-platform life-style media company, which operates the out-of-home advertising network in China using audiovisual flat-panel displays.
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This came up in a screen for stocks with the highest gains in the last 4 weeks. With a fair book value of $2.00 this company is greatly overvalued. Intangibles and goodwill make up 27% of assets and shareholders' equity stands at only $1.291 billion as of 1Q12. Should be an easy red-thumb target.