+ Watch CREG
on My Watchlist
China will always need energy.
PE of 18 with earnings growth of: 205% and revenue growth of: 3,348%. 45% owned by insiders and just appeared on the Magic Formula screen. The Chinese government is finally interested in cleaning up the environment and CREG is poised to profit.
BOTH EARNINGS AND REVENUE GROWING FAST.
This is a tracking portfolio of all CAPS-ratable tickers in the Chinese RTO/SPAC space (i.e., companies that listed without filing an IPO).China Recycling Energy Corp. went public via a reverse merger in 2004. The company is based in China.
Long term opportunity is excellent. Reliable earnings once get to scale. Opportunity for a 10 bagger.
china play (following translator)
Company just reported preliminary full year 2009 results:Revenue up 130%Full year EPS estimated at $0.22-$0.23 per share up from a loss of $0.07 per share in 2008. They are “a fast-growing industrial waste-to-energy solutions provider in China.” They make money by a method they call BOT (build, operate, transfer). They Build a power plant and make money, Operate the power plant for up to 20 years and make money, after the 5-20 year contract ends they sell the power plant (Transfer) and make more money! Recycled energy is currently estimated to be only 1% of total energy consumption in China, and the government is greatly encouraging its use. I think there is huge room for growth here. I also own this in my personal portfolio, and it’s one of my largest holdings. I’m holding onto this stock long term.
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=6550390there is apparently a lot of growth here
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