Fire Up These Chinese Coal Companies
NEW YORK (TheStreet) -- Ready to go! I don't see why I shouldn't point out companies that are "fired up, ready to go," as President Obama would put it. I've got three Chinese companies that are heating up NBA Jam style. There are three parts to this madness.
The first is that I need to believe that the risk of losing money is negligible in the long run. That is to say that these companies are so cheap right now it doesn't make sense not to own them as far as I can tell. The second is I want uplisting potential. Lastly, I want to be able to light the product produced on fire. Fire it up!
Puda Coal (PUDZ.OB) is a company I've covered several times as one that I felt would uplist. The company is doing it Tuesday. It's currently a supplier of metallurgical coking coal in the People's Republic of China. Since I've covered this company the ticker has changed from PUDC to PUDZ and is now changing to PUDA.
Why do I think this company is "fired up"? It's talked about consolidating six mines in Yuncheng City, it's priced to shrink, and it is uplisting this week. Don't forget that there is a coal mine consolidation party in that neck of the woods. It's my belief that you'll be lucky if you see these prices ever again as Puda is currently floating above $5 making them a candidate for mutual funds who likely can't wait to get their grubby little fingers all over this value play.
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