NF Energy Savings Corp. of America (NFEC)

[Staretsky_55]

I just discovered this stock from a newsletter I receive. Looks interesting - note the price targets. S-55 Dated 9/16

NF Energy Saving (OTC-BB:NFEC) Post Reverse-Split Report Reissuance by Harbinger Research
Filed under: Research Report, NF Energy Saving, (OTC-BB:NFEC)

NFEC is an already-proven industrial company that exhibits the growth characteristics of a young, high-growth enterprise, and it has recently announced a break-out quarter. Furthermore, the Company is in the sweet-spot of global energy price/supply trends and the pervasive push for more efficient energy use. The Company is well managed, well-funded, and strategically located near China’s iron belt, giving it below-market price for its raw materials inputs. Given its low trailing price-to-earnings multiple, we are comfortable that NFEC shares are worth considerably more than US$5.25, even if 2009 and 2010 do not exceed our estimates as we now hope they will. Therefore, we rate the shares of NF Energy Savings a Strong Buy, and set our 12-month price target at $8.64 per share, with significant upside to this target during the second half of 2009.