L & L Energy (LLEN) The Target of a Negative Article
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The StreetSweeper.org released a negative article on L & L Energy, Inc. (Nasdaq: LLEN), a relatively new Chinese coal mine company.
The article questions the company's financial results.
StreetSweeper.org said:
Just a few years after reinventing itself as a Chinese coal-mining company, L&L currently boasts higher margins than virtually any player – including Chinese giant Yanzhou Coal Mining (YZC) and U.S. veteran Peabody Energy (BTU) – in the red-hot sector. L&L also touts a remarkable growth rate, filings show, with revenue soaring from $23.4 million to $109 million -- and profits skyrocketing from less than $1 million to $32.9 million -- over the course of two short years.
In other words, those numbers suggest, L&L has managed to pull off an outright miracle.
You can read the full article here.
The article questions the company's financial results.
StreetSweeper.org said:
Just a few years after reinventing itself as a Chinese coal-mining company, L&L currently boasts higher margins than virtually any player – including Chinese giant Yanzhou Coal Mining (YZC) and U.S. veteran Peabody Energy (BTU) – in the red-hot sector. L&L also touts a remarkable growth rate, filings show, with revenue soaring from $23.4 million to $109 million -- and profits skyrocketing from less than $1 million to $32.9 million -- over the course of two short years.
In other words, those numbers suggest, L&L has managed to pull off an outright miracle.
You can read the full article here.
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