Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: China MediaExpress
So what: Could it be that a Chinese company is doing something shareholder-friendly? It appears that way, as the company will begin paying 5%-10% of net profit to shareholders in a dividend early next year.
Now what: Shares have enjoyed a nice run, popping a couple of times in the last month since reporting a big jump in earnings. The $169.9 million of cash sitting on the balance sheet has apparently given management enough confidence to begin paying shareholders back and should be a bullish sign for investors. I will continue to watch the share count, but for now I'm bullish along with the market and expect this stock to move higher.
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