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Puda Coal, Inc (PUDA) [hlAlert]

Rating:
Mkt Outperform
PUDA
down 99.90 %

Puda Coal, Inc (PUDA) rated Mkt Outperform with price target $14 by Rodman & Renshaw

Posted on: Tuesday,  Mar 15, 2011  8:25 AM ET by Rodman & Renshaw

Rodman & Renshaw rated Mkt Outperform Puda Coal, Inc (OTCBB: PUDA) on 03/15/2011, when the stock price was $10.70.
Since then, Puda Coal, Inc has lost 99.91% as of 08/12/2015's recent price of $0.01.
If you would have followed this Rodman & Renshaw's recommendation on PUDA, you would have lost 99.9% of your investment in 1611 days.

Puda Coal, Inc. (Puda) is a supplier of metallurgical coking coal to the industrial sector in the People?s Republic of China. The Company?s processed coking coal is primarily purchased by coke and steel producers for the purpose of making the coke required for the steel manufacturing process. Puda?s operations are conducted by an entity in China, Shanxi Coal, which it controls through 90% indirect equity ownership. The Company cleans raw coking coal sourced from third-party coal mines primarily located in Liulin County, Shanxi Province and markets the cleaned, coking coal to coke and steel makers in its geographic market. Puda?s primary geographic markets include Shanxi Province, Inner Mongolia Autonomous Region, Hebei Province, Beijing and Tianjin. The Company focuses on value-added coal washing processes and specializes in providing cleaned coking coal, which is the quality level required to produce steel.

Rodman & Renshaw is a full-service investment bank dedicated to providing investment banking services to companies that have significant recurring capital needs due to their growth and development strategies. We also provide research and sales and trading services to institutional investor clients that focus on such companies. Since 2003, Rodman has been a leading investment banking firm to the biotechnology sector, a capital intensive market segment, as well as a leader in the PIPE (private investment in public equity) and RD (registered direct placements) transaction markets.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/15/2011 8:25 AM Buy
None
10.70 14.00
as of 12/30/2011
1 Week   
1 Month down  -3.57 %
3 Months down  -55.00 %
1 YTD down  -97.47 %

(*) Stock Price at the time of the recommendation.
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