SGZH's chart looks good and from the fundies side it also looks good with around $2 in csh/shr, +CF and China seems to be using a good amount of coal.<g>
However, SGZH isn't the kind of company I usually like, since it isn't followed by IBD, and I like to see the comparison on revenues and earnings on the chart at just a glance.<g>
On that matter, there is a caveat on SGZH, since they said that they will restate their financial statements for the fiscal year ended December 31, 2008 and for each of the periods ended June 30, 2008, September 30, 2008, March 31, 2009 and June 30, 2009 by disclosing the effect of some accounting issues in an amended Form 10-K for the fiscal year ended December 31, 2008 and in an amended Form 10-Q for each of the three months ended June 30, 2008 and September 30, 2008, March 31, 2009 and June 30, 2009, respectively.
With a wide number of companies to chose from,and trying to limit my positions to less than 10, SGZH doesn't meet my cut off requirements at present, but as I said, the chart and the fundies look OK.
RAGL
Bernard |
