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I can’t believe it’s been 2 months I haven’t written a single post. I’ve been so busy doing other projects and completely abandoned this blog. Good thing I now have a little bit of time to do some research and come up with an investment recommendation for you guys.

Ever heard of Puda Coal (Symbol: PUDC)? Let me pull what I found on Google Finance:

Puda Coul is a supplier of metallurgical coking coal to the industrial sector in the People’s Republic of China. The Company’s processed coking coal is primarily purchased by coke and steel producers for the purpose of making the coke required for the steel manufacturing process. Puda cleans raw coking coal sourced from third-party coal mines primarily located in Liulin County, Shanxi Province, and markets the cleaned coking coal to coke and steel makers in Shanxi Province, Inner Mongolia Autonomous Region, Hebei Province, Beijing and Tianjin.

China is currently in needs of basic materials since they need to accommodate their fast population speed by building more housings, buildings, real estates, etc. China’s Puda Coal was rumored to be getting bought by China Shenhua Energy Co. of Beijing – the biggest Chinese coal company which produces approximately 170 million tons of coal a year from 21 mines and builds power plants. Not sure if that will ever happen (Frankly, I was hoping they would buy Puda Coal since it’s going to drive Puda Coal stock up through the roof).

Above it’s their stock performance in the past 3 months. I was trying to figure out why the stock was tanking; I had visited a lot forums, blogs, etc but nobody seems to know why it is going down. However, some people are still recommending to buy them because the price is now much cheaper (It is now traded at $0.95/share – went up by $0.12 today). I’ve looked at the demands and it seems like the demands started to pick up a few days ago. So I’m convinced they will most likely get back at $2 range sometime next month.

I might recommend you to get some while it’s cheap. But make sure you keep yourself aware of anything that’s going on with the company.

Quote of the Day:
In a market like this, every story is a positive one. Any news is good news. It’s pretty much taken for granted now that the market is going to go up. – Wall Street Journal article, 8/26/87

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