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Gold/Mining/Energy : Gushan Environmental Energy Limited (GU) -- Ignore unavailable to you. Want to Upgrade?


To: Torah Wolfe who wrote (6)3/29/2008 11:55:21 PM
From: Rock_nj  Read Replies (1) | Respond to of 26
 
GU had negative earnings for the 1st quarter because of a one time charge related to the IPO; a debt that needed to be converted and accounted for on earnings. Looking forward, without more one time charges, GU has an increasing earnings trend for two years. The problems GU faces are the price of their feedstock cooking oil and whether the Chinese government will allow them to raise prices. Chinese is still communist and has the price of diesel capped by price controls, otherwise their earnings could be off the scale.