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SOURCE L & L Energy, Inc.
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.
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
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