Puda Coal Obtains Analyst Coverage from Brean Murray - Target $17
The stock has huge upside since the first 2 mines won't be consolidated until May. Even with that, PUDA expects to earn $1.10 to $1.50 in 2010 based off a profitable coal washing business plus a partial year of these 2 thermal mines. Lots of upside from the other 6 thermal mines and especially the 4 new coking coal mines they just got approval to consolidate.
Read more about PUDA from a post we wrote on March 15th - Puda Coal Cools Off But Will Heat Up Again.