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Best Stocks for 2008: China expert focuses on Focus Media (FMCN)

For 25 years, Steven Halpern, editor of TheStockAdvisors.com, has surveyed the leading financial newsletter advisors asking for their favorite stocks for the coming year. This article is one of 100+ ideas in the Best Stocks for 2008 report.

"Our top conservative stock idea for 2008 is Focus Media Ltd. (NASDAQ: FMCN)," says Jim Trippon, editor of The China Stock Digest. "Founded only four years ago, Focus Media now calls itself China's largest out-of-home media company; it has blanketed China's first and second tier cities with tens of thousands of display ads.

"Focus Media is growing powerfully on the strength of a rapidly expanding out-of-home advertising business in a booming economy. With revenue growth in all of its corporate sectors expanding at approximately 100% year over year, this company is delivering unprecedented profitability.

"With the Beijing Olympics approaching, we expect an extra surge in out-of-home advertising revenue and demand. The company is aggressively pushing its pricing to the market's tolerance and expanding its network. 2008 should be a banner year for Focus Media.

Continue reading Best Stocks for 2008: China expert focuses on Focus Media (FMCN)

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Last updated: July 24, 2008: 07:56 AM

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