China Growth Stocks

[GorillaGorilla]

PUDA - I suspect, now, guidance was mainly washing revenue - I think they gave the gudiance at presentation at start of March [1]. When people asked them when they were going to be mining they weren't sure - in fact they said May would be the earliest they would get approval and wouldn't be nailed down to a date. Yet, they managed to give a EPS range of $1.10 to $1.52. I don't see the point of putting an EPS range that you not confident of beating? Who can be confident on the workings of government?

I would expect upside to earnings if they get mining by second half of the year.

[1] http://www.sec.gov/Archives/edgar/data/1162747/000114420410011668/v176331_ex991.htm

rich