ORLANDO, Fla., Jan. 27, 2010 (GLOBE NEWSWIRE) -- RedChip Visibility, a division of RedChip Companies, Inc., today announced it has issued a research update on L&L Energy, Inc. (OTCBB:LLEN), a company operating profitable coal mines in China’s Yunnan Province.
Matthew Kantrowitz, analyst for RedChip, reported:
“With a new corporate name and a string of strategic acquisitions, L&L Energy Inc. has surpassed RedChip estimates and expectations over the past few months.”
Kantrowitz continued: “We were pleasantly surprised how quickly the Company was able to integrate their new business lines while avoiding a significant drop in margins. We were concerned about the Company’s new coal washing business weighing down margins; however, following second quarter’s operating results, it is clear that we were far too pessimistic.”
“We maintain our Buy rating on LLEN shares and raise our twelve month price target to $13.00. We view the recent acquisitions, the favorable state of the Chinese coal industry, and the potential uplisting to the NASDAQ as positive factors that we believe will serve to further share price appreciation,” concluded Kantrowitz.
To receive a complimentary copy of the RedChip Visibility Research Report for L&L, please visit: http://www.redchip.com/about/aboutmain.asp?rid=215">http://www.redchip.com/about/aboutmain.asp?rid=215
To learn more about L&L Energy, Inc. visit http://www.redchip.com/visibility/investor.asp?symbol=LLEN
About RedChip Companies, Inc.
RedChip Companies is an international, small-cap research and financial public relations firm headquartered in Orlando, Florida; with affiliate offices in Qingdao, China; Paris, and San Diego. RedChip delivers concrete, measurable results for its clients through its extensive national and international network of small-cap institutional and retail investors. RedChip has developed the most comprehensive platform of products and services for small-cap companies, including: RedChip Research™, Traditional Investor Relations, Digital Investor Relations, Institutional and Retail Conferences, RedChip Small-Cap TV™, Shareholder Intelligence, Social Media and Blogging Services, Webcasts, and RedChip Radio™. To learn more about RedChip's products and services please visit: http://www.redchip.com/visibility/productsandservices.asp.
“Discovering Tomorrow’s Blue Chips Today”™
The RedChip Companies, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=2761
Disclosure
The analysts contributing to this report do not hold any shares of L&L Energy, Inc. (LLEN). RedChip certifies that no part of the analysts' compensation was, is, or will be, directly or indirectly, related to the specific recommendation or views expressed by the analyst in the report. The equity research report(s) are not a recommendation of a solicitation to purchase or sell any security, nor do they constitute investment advice. LLEN is a client of RedChip Companies, Inc. and of RedChip Visibility, a division of RedChip Companies. LLEN paid RedChip Visibility, a division of RedChip Companies, Inc., thirty thousand shares of free-trading common stock for RedChip Visibility Program services, which includes the preparation of the equity research reports. Information contained in the research reports is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. RedChip Companies, Inc., is currently engaged by this company to provide investor awareness services. Investor awareness services and programs are designed to help small-cap companies communicate their investment characteristics. RedChip Companies, Inc. received fifty thousand shares of common stock under Rule 144 for six months of these services. RedChip Companies, Inc., employees and affiliates may have positions and affect transactions in the securities or options of the issuers mentioned herein.