FMCN conference call was very impressive......
FMCN CFO was "brilliant".....smartest CFO I have ever heard in any CC.
CFO explained that there has been an increase in number of shares starting late Q2 ...due to performance objectives attained by the company FMCN purchased...part of buying arrangement...Q3 will have the full impact of shares issued.
FMCN is "highly focussed in growing all ad business"
FMCN is growing internet ad business both in $$ & higher margin...
FMCN has divided Ad business into three segments....Digital LCD/LED,Internet & Wireless.
FMCN have revamped their Sales strategy to offer selective area to accomodate the "need of big advertisers"...
CC increased my confidence in management "big time"
"It is the management which is the biggest asset of FMCN"
Management & CFO are extremely "hungry & focussed to grow their sales & margins"
Please do your own due diligence as I own FMCN in my portfolio.
BLOG does not give buy or sell.
Saleem
1 comment:
Saleem thank you for the conference call post. I had a feel before that FMCN is a hot company but when you read too much on the FMCN board plus price going down pre ER, I was a bit worried. But after reading the positive conference call reports from you and others on the board, I could sleep better tonight.
Post a Comment