L&L Energy Announces Initiation of Coverage by Independent Equity Research
Firm SeeThruEquity, LLC
SEATTLE, Oct. 10, 2013
SEATTLE, Oct. 10, 2013 /PRNewswire/ --L & L Energy, Inc. (NASDAQ: "LLEN")
("L&L" or the "Company") a U.S.-based company with profitable energy (coal)
operations in China, announced today that SeeThruEquity, LLC, an unbiased and
independent research firm, has initiated coverage on the Company. The report
is now available for viewing at (LINK).
"We initiate coverage on L&L Energy, Inc. ("L&L") with a price target of $5.43
per share. L&L is a vertically integrated coal company operating in
southwestern China, selling thermal, metallurgical and coking coal to State
Owned entities and various private companies. As of July 31, 2013, they
operated five coal mines, two coal washing plants and three wholesale
distribution networks in the Guizhou and Yunnan provinces of China," remarked
Ajay Tandon, Director of Research at SeeThruEquity, LLC.
Tandon continued, "Our analysis indicates a fair value estimate of $5.43 per
share (detailed on pages 7 and 8), implying an upside of 311% from the recent
price of $1.32. We view L&L as a speculative play in the Chinese coal market,
with the potential to generate attractive top and bottom line growth through
organic and acquisition opportunities."
SeeThruEquity, LLC is an investment research and corporate access firm that
produces high quality research reports on small cap and microcap companies
with less than $1 billion in market capitalization. The research is unbiased
and not paid-for research. For more information visit www.seethruequity.com.
For more information, visit http://www.seethruequity.com.
The investment opinions expressed are solely those of SeeThruEquity, LLC.
SeeThruEquity, LLC has not been compensated for the preparation of the report
on the Company by any third party or the Company.
Caution Regarding Forward Looking Statements
The release contains statements related to Company's future performance and is
within the meaning of the Private Securities Litigation Reform Act of 1995.
These statements may involve uncertainties and actual results of the future
events described in this release could differ materially. Other than as
required under the securities laws, the Company does not assume a duty to
update these forward looking statements.
Director of Research
Brandon Primack, CFA
Equity Research Analyst
For further information, please contact:
L&L Energy, Inc.
+1 (206) 264-8065
Gary Dvorchak, CFA
Senior Vice President
U.S.: +1 (310) 954-1123
China: +86 (10) 6583-7528
SOURCE L & L Energy, Inc.
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