I know I’ve been posting a lot of Chinese stocks recently but I do feel as though they have the most potential for growth especially with niche positions like VISN. VisionChina Media Inc operates advertising services in China using flat panel televisions that are placed in mass transportation systems. The Shanghai metro serves about 2.18 million every year while the Beijing subway is even bigger, serving around 3.51 million. I’ve lived in Tokyo Japan before and the subways and metros are undoubtedly good areas for advertising since there is no way to go and looking at the guy standing next to you for minutes at a time is not really what I consider exciting. The advertising really does work, or maybe with my foreigner eyes I was just attracted to the in screen entertainment. Aside from the intuitive buy, VISN has seen revenue grow more than 8x 2006 levels and net income turn from a negative 4 million to a plus 9 million. The market cap is still manageable at 1.29 billion.
I think buying on the dip is a good idea
Heres some technical analysis on this one.
