Replies to post #69583 on China Growth Stocks

[chrich12]

LLEN: L & L Energy Names Former Managing Partner of Deloitte, Andrew Leitch to the Board

SEATTLE, Jan. 24, 2011 /PRNewswire/ -- L & L Energy, Inc., (Nasdaq:LLEN - News) ("L & L" or the "Company"), a U.S.-based company founded in 1995 with coal mining and distribution businesses in China, announced today that Andrew M. Leitch has been appointed to the Company's Board of Directors. Mr. Leitch has also been appointed to the Audit Committee as the third independent member.

Mr. Leitch has a distinguished auditing career in international business spanning 28 years, including 20 years as a partner with Deloitte & Touche. While at Deloitte & Touche, Mr. Leitch held several leadership roles across the firm's Asia operations, including Executive Director of Business Development, and Director of Mergers and Acquisitions. Most recently, he was Chairman, Management Committee Hong Kong from 1997–2000. Mr. Leitch was instrumental in opening the firm's China practice and has substantial experience across industries and regions in Asia.

Mr. Leitch is a US Citizen, and was a licensed certified public accountant in the state of New York. He has many years experience serving as an independent director of several boards for US publicly listed companies. With Mr. Leitch joining the Board, L & L's Audit Committee now consists of two former partners of the "Big 4" accounting firms.

Dickson Lee, Chairman and CEO of L & L Energy commented, "We are delighted to welcome Andy's high caliber of experience, insight, and leadership to further enhance the quality of our Board of Directors. We look forward to his guidance as we continue to grow."

http://finance.yahoo.com/news/L-L-Energy-Names-Former-prnews-3812536528.html?x=0

[GorillaGorilla]

LLEN - my thoughts are we know they have 3 mines and we know they are getting at least 300K tonnes of coal per year. So there's a base line to the value of the company.

The argument the detractors have made is the margins are higher than most. The JPM guy on the CC described it as "LLEN is on the bottom quartile on Chinese cost curve?". LLEN themselves claim they have a "lean and mean" operation (I guess you could attribute it to the bean counter mentality of the board down?) and that they provide a service by buffering supplies of the coal and supplying it when needed at a higher margin.

I know you were looking at margins - did you think 22% was too much? Even if you half the earnings the forward P/E is around 10 - compared to, think, 16 for the industry average.

I can't see how you can fake the Bowie mine expansion? *If* they start exporting to China it would be a silly short.

I can't believe this is an outright fraud. Really, not sure what people expect at this point. My feeling is that this is one massive volatility high for the hedge funds.

It's an "odd" situation.

rich