Well, short-mid-term, the plays I like most are:
CSGH
CHIO
CCGY
CKGT
They all have solid fundamentals and several have big catalysts that will be announced soon and will drive the PPS significantly higher. Great time to add any of them considering they're all flat or down on the day. These are all investments and not gambles. If you can buy and hold, you'll likely make significant returns in coming weeks/months
Still love it, just not as much as I did when it was $1 a week ago, lol. Had 20k shares and just relinquished about 25% of that position today as the big run is done and there will likely be profit taking. I still fully expect another leg-up to the high $1s, possibly low $2s and that's where I will sell more of my position. Long-term is really dependent on their Quarterly earnings coming out in November, I believe. If earnings are good, this is easily a $5 stock. If earnings are flat or down and the last Q was just an anamoly, then it'll be stuck in the $1.50-$2.50 range for the rest of the year.
News took so long to be finalized, I told you this morning though:
Puda Coal Receives Final Government Approval to Consolidate Eight Coal Mines in Shanxi Province
TAIYUAN, China, Sept. 30 /PRNewswire-Asia-FirstCall/ -- Puda Coal, Inc. (NYSE Amex: PUDA) ("Puda Coal" or the "Company"), a supplier of China's high grade metallurgical coking coal used to make coke for the purposes of steel manufacturing, today announced that its subsidiary Shanxi Puda Coal Group Co., Ltd. ("Shanxi Coal") received final approval from the provincial government to consolidate eight coal mines in Shanxi Province.
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<!-- Article Related Media -->On September 28, 2009, the Shanxi provincial government appointed Shanxi Coal as consolidator for eight coal mines in Yucheng City, Pinglu County. In February 2009, Shanxi Coal signed a letter of intent with Pinglu County to consolidate and restructure a coal mine area encompassing six coal mines. The municipal government approved the application and delivered it to the Shanxi provincial government for final review. The government of Shanxi Province reviewed the application and approved Shanxi Coal to consolidate an area encompassing eight coal mines. Shanxi Coal will consolidate the eight coal mines into five, increasing their total annual capacity from approximately 1.6 million to 3.6 million metric tons. The approval from the Shanxi provincial government was the last step required to move forward with the development and consolidation of the mines.
The Company has already commenced the technical geological prospecting process for the targeted coal reserves. In the near future, the Company will perform a comprehensive financial analysis of the project and then determine the most efficient plan to develop and construct the targeted consolidated coal mines.
"We are honored that the Shanxi provincial government granted Shanxi Coal this strategic opportunity to be one of the limited number of consolidators of coal mines in Shanxi Province," said Mr. Liping Zhu, President and CEO of Puda Coal. "This project will enable us to develop our coal mining business, move upstream in the coal industry, and continue our efforts to maximize shareholder value."
http://finance.yahoo.com/news/Puda-Coal-Receives-Final-prnews-2580073087.html?x=0&.v=1
Next stop $10 IMO
Over 100% increase in Capacity. Do you know what this means for the stock price? It will likely double, at least, and considering they were undervalued to begin with, $20 is not out of the question by year's end. My original price target was $10-12, but that was before the mine consolidation deal got finalized (i honestly didnt think they were gonna get the deal), so now I have to move my price target up significantly. Mutual Fund managers are gonna be all over PUDA tomorrow. Just you watch!
CCGY
It's nearing. It was announced in their most recent Con Call. It's set to go-live in October, November at the latest. But look at these pictures and you tell me, how far out do you think completion really is? Looks like they just need to put in the windows. The finishing office work usually moves very quickly. If those pictures are from the first of the month then they could be done. If they are current then we have a few more weeks.
Who knows, maybe they can get it online before the entire complex is complete. Patience is still in order...
http://www.chinacleanenergyinc.com/Picture.htm
But I can buy and hold for months considering the move I'm expecting to occur upon this announcement. Take PUDA today times 2-3. Looking for at least a 40-50% upward move in PPS upon announcement. This will make a move like CKGT did a few months ago.
It's nearing. It was announced in their most recent Con Call. It's set to go-live in October, November at the latest. But look at these pictures and you tell me, how far out do you think completion really is? Looks like they just need to put in the windows. The finishing office work usually moves very quickly. If those pictures are from the first of the month then they could be done. If they are current then we have a few more weeks.
Who knows, maybe they can get it online before the entire complex is complete. Patience is still in order...
http://www.chinacleanenergyinc.com/Picture.htm
But I can buy and hold for months considering the move I'm expecting to occur upon this announcement. Take PUDA today times 2-3. Looking for at least a 40-50% upward move in PPS upon announcement. This will make a move like CKGT did a few months ago.
More puda love
Coking coal prices may touch $200/tn in 2010-11:
http://www.hellenicshippingnews.com/index.php?option=com_content&task=view&id=67285&Itemid=46
Coking Coal Importers: (lots of China)
http://importer.alibaba.com/buyeroffers?Type=BUY&SearchText=coking_coal&IndexArea=offer_en
PUDA: $2/share eps estimate with coal mine consolidation
"The Whiz Kid" Glen Bradford made a well researched post on the PUDA thread using real numbers from China coal companies LLFH and CCGY to come up with an estimate of eps. He even used 3.6M tons as the annual capacity, (which is exactly what they are at with the consolidation approval- scary).
PUDA is a completely different company today than it was yesterday.
$2/share x modest 8 multiple = $16 PPS (and that's being conservative)
Mark my words: PUDA will have institutional coverage soon and single digits will be a thing of the past.
Loking for the next RINO??? It's spelled "PUDA"!
Coking coal prices may touch $200/tn in 2010-11:
http://www.hellenicshippingnews.com/index.php?option=com_content&task=view&id=67285&Itemid=46
Coking Coal Importers: (lots of China)
http://importer.alibaba.com/buyeroffers?Type=BUY&SearchText=coking_coal&IndexArea=offer_en
PUDA: $2/share eps estimate with coal mine consolidation
"The Whiz Kid" Glen Bradford made a well researched post on the PUDA thread using real numbers from China coal companies LLFH and CCGY to come up with an estimate of eps. He even used 3.6M tons as the annual capacity, (which is exactly what they are at with the consolidation approval- scary).
PUDA is a completely different company today than it was yesterday.
$2/share x modest 8 multiple = $16 PPS (and that's being conservative)
Mark my words: PUDA will have institutional coverage soon and single digits will be a thing of the past.
Loking for the next RINO??? It's spelled "PUDA"!
In Case You Need More Reasons to Invest in China
IMF Raises China 2010 Growth Forecast, Trims India
By Aki Ito
Oct. 1 (Bloomberg) -- China’s economy will grow faster than previously forecast in 2010 as the country’s 4 trillion yuan ($586 billion) in emergency spending spurs domestic demand, the International Monetary Fund said.
China will expand 9 percent in 2010, more than the 8.5 percent estimated in July, the Washington-based IMF said today in Istanbul, where it’s holding annual meetings. India will grow 6.4 percent, less than the 6.5 percent predicted previously. Japan’s growth outlook stayed at 1.7 percent.
Asia is leading the world’s emergence from its deepest recession since the 1930s after policy makers slashed interest rates to unprecedented lows and governments announced more than $950 billion of stimulus measures. The IMF predicts gross domestic product in developing Asia will expand at more than twice the pace of advanced economies next year.
“The global economy appears to be expanding again, pulled by the strong performance of Asian economies and stabilization or modest recovery elsewhere,” the IMF said. “Domestic demand appears relatively robust, particularly in China and India, helped by strong macroeconomic policy support.”
The world economy will expand 3.1 percent next year, more than a July forecast of 2.5 percent, the IMF said. Developing Asia will grow 7.3 percent, faster than a previous estimate of 7 percent.
China’s Stimulus
China’s stimulus package and record loan growth helped manufacturing expand at the fastest pace in 17 months in September, a separate report showed today in Beijing. The government, which is marking 60 years of Communist Party rule today, has pledged to keep stimulus policies to create jobs, maintain social stability and strengthen the recovery.
The IMF said officials in Asia will need to formulate plans for ending their stimulus measures in a way that sustains the region’s expansion.
With “the recovery gaining strength, the policy challenge is to determine when and how to withdraw policy support while ensuring a successful transition to more balanced medium-term growth,” the fund said.
Asian Development Bank President Haruhiko Kuroda said in an interview yesterday that governments in the region may end stimulus policies earlier than the U.S., Europe and Japan because their economies are “recovering faster and earlier.”
Japan will remain in deflation until 2012 because of “significant slack” in the economy, the IMF said. Consumer prices in the world’s second-largest economy tumbled 2.4 percent in August, the fastest decline on record.
The IMF said Asia will need to foster domestic spending because demand from the U.S. and Europe won’t return to levels before the global recession.
“A return to past growth and demand patterns is unlikely -- given drawn-out adjustments in the United States and Europe -- and many Asian economies therefore need to shift their composition of growth to be more focused on domestic demand,” the fund said.
To contact the reporter on this story: Aki Ito in Tokyo at aito16@bloomberg.net
http://www.bloomberg.com/apps/news?pid=20601089&sid=aFHAbQp7Scx4
IMF Raises China 2010 Growth Forecast, Trims India
By Aki Ito
Oct. 1 (Bloomberg) -- China’s economy will grow faster than previously forecast in 2010 as the country’s 4 trillion yuan ($586 billion) in emergency spending spurs domestic demand, the International Monetary Fund said.
China will expand 9 percent in 2010, more than the 8.5 percent estimated in July, the Washington-based IMF said today in Istanbul, where it’s holding annual meetings. India will grow 6.4 percent, less than the 6.5 percent predicted previously. Japan’s growth outlook stayed at 1.7 percent.
Asia is leading the world’s emergence from its deepest recession since the 1930s after policy makers slashed interest rates to unprecedented lows and governments announced more than $950 billion of stimulus measures. The IMF predicts gross domestic product in developing Asia will expand at more than twice the pace of advanced economies next year.
“The global economy appears to be expanding again, pulled by the strong performance of Asian economies and stabilization or modest recovery elsewhere,” the IMF said. “Domestic demand appears relatively robust, particularly in China and India, helped by strong macroeconomic policy support.”
The world economy will expand 3.1 percent next year, more than a July forecast of 2.5 percent, the IMF said. Developing Asia will grow 7.3 percent, faster than a previous estimate of 7 percent.
China’s Stimulus
China’s stimulus package and record loan growth helped manufacturing expand at the fastest pace in 17 months in September, a separate report showed today in Beijing. The government, which is marking 60 years of Communist Party rule today, has pledged to keep stimulus policies to create jobs, maintain social stability and strengthen the recovery.
The IMF said officials in Asia will need to formulate plans for ending their stimulus measures in a way that sustains the region’s expansion.
With “the recovery gaining strength, the policy challenge is to determine when and how to withdraw policy support while ensuring a successful transition to more balanced medium-term growth,” the fund said.
Asian Development Bank President Haruhiko Kuroda said in an interview yesterday that governments in the region may end stimulus policies earlier than the U.S., Europe and Japan because their economies are “recovering faster and earlier.”
Japan will remain in deflation until 2012 because of “significant slack” in the economy, the IMF said. Consumer prices in the world’s second-largest economy tumbled 2.4 percent in August, the fastest decline on record.
The IMF said Asia will need to foster domestic spending because demand from the U.S. and Europe won’t return to levels before the global recession.
“A return to past growth and demand patterns is unlikely -- given drawn-out adjustments in the United States and Europe -- and many Asian economies therefore need to shift their composition of growth to be more focused on domestic demand,” the fund said.
To contact the reporter on this story: Aki Ito in Tokyo at aito16@bloomberg.net
http://www.bloomberg.com/apps/news?pid=20601089&sid=aFHAbQp7Scx4
Market getting murdered and yet, China Micros are leading the way. Most up, a few slightly down. Strange, I thought I remember someone saying the worst place to be was China Micros. Must've been crazy talk. Clearly these China Micros arent your typical run-of-the-mill micros that person was referring to.
Go China!
Go China!
PUDA -- a huge stomping outloud BUY ME. Mutual Funds are getting in this morning. We are about to set record volume for the year, and it's only 10:15!! Wave two of buying coming up soon, dont sell your shares yet, and always keep a core position. Double-digits is coming soon IMO
CHIO
Load up on the cheap, this won't last much longer. Reason for yesterday's little sell-off is that it was announced CHIO will no longer be a member of the HSI (China Halter Index) because it was unable to maintain it's market cap value. No worries here, yesterday's selloff was because of the Mutual Funds dumping CHIO since they want to be invested in flag-ship stocks. Even better IMO. Grabbed several thousand more yesterday and am loading up even more in the low .90s. Add away
Load up on the cheap, this won't last much longer. Reason for yesterday's little sell-off is that it was announced CHIO will no longer be a member of the HSI (China Halter Index) because it was unable to maintain it's market cap value. No worries here, yesterday's selloff was because of the Mutual Funds dumping CHIO since they want to be invested in flag-ship stocks. Even better IMO. Grabbed several thousand more yesterday and am loading up even more in the low .90s. Add away
CSGJ
Officially adding this to the STUPID CHEAP group that CPQQ was in a week or two ago when it was at $1. This thing is going to be a global conglomerate in coming months. This is the largest Cement producer/manufacturer in China and it's sucking up all its competition via buy-outs. This is a must-own at this price.
Officially adding this to the STUPID CHEAP group that CPQQ was in a week or two ago when it was at $1. This thing is going to be a global conglomerate in coming months. This is the largest Cement producer/manufacturer in China and it's sucking up all its competition via buy-outs. This is a must-own at this price.
CHIO
Earnings Estimate:
22.9/40 =
57 cents EPS
We should see in the next 10 days how close my estimate is. Not sure if I notified the board, but they filed an NT-10K --basically means they get a 15 day extension to file their Q earnings. Should be any time now. The tension builds.
Earnings Estimate:
22.9/40 =
57 cents EPS
We should see in the next 10 days how close my estimate is. Not sure if I notified the board, but they filed an NT-10K --basically means they get a 15 day extension to file their Q earnings. Should be any time now. The tension builds.
