cheryl_stevens

Focus Media Should Stem Losses on Actionable Call from Goldman

You cannot look at FCF on a textbook basis, in this case, FCF is not meaningful, because FMCN was incurring a stream of cash outlays of different sizes due to acquisitions. Gross margin of 45% to 50% from the digital-out-of-home is a more logical view, I think this is a Warren Buffet stock, wide moat, decent managers, good price, more and more profitable 10 yrs from now.
Another reason to confirm that this market is not efficient, the same FCF number for everybody to see, but with vastly different views.