Mike Arnold
Value, growth at reasonable price, long only, tech

Bona Film Group Continues To Scale

Shares of Bona Film Group (NASDAQ:BONA) continue to perform well since I first profiled the company in September, with shares appreciating 55% relative to a 12% return for the S&P 500 (NYSEARCA:SPY).

While the shares have moved higher, the thesis remains materially intact. Namely, Bona remains a Chinese growth stock with an attractive operating model, a vertically-integrated film production, distribution and exhibition business with a long tarmac of growth ahead of it. Note that I did call Bona a "cheap" stock in September. It is not as cheap anymore as most of the "alpha" has run its course. But Bona remains a solid company, and I do not think the shares are overvalued here, just closer...

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