Don't let it get away!
Keep track of the stocks that matter to you.
Help yourself with the Fool's FREE and easy new watchlist service today.
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.
So what: Citron asserted that China Media's growth and profits -- on a similar order as Focus Media's (Nasdaq: FMCN ) -- are implausible given the company's much smaller expenditure base. It further alleged that China Media is a "phantom company" that is conspicuously absent from local media coverage, industry reports, and analyst coverage, in contrast to names like Towona, Bus-Online, and VisionChina Media (Nasdaq: VISN ) .
Now what: Citron has been a vocal critic of other companies it claimed to be frauds, notably China-Biotics and, more recently, China Valves and Great Northern Iron, and many people take their analysis seriously. If I owned shares of a stock which Citron reported on, I'd want to examine their claims.
Interested in any of these stocks? Add them to My Watchlist: