Bullboard - Stock Discussion Forum L&L Energy, Inc. LLEN

Metals & Mining Industrial Metals & Minerals

"L & L Energy Inc is currently engaged in the business of coal mining, coal consolidation, and wholesaling in the People's Republic of China and its operations are conducted in the coal-rich Yunnan Province in Southwest China."

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L&L Energy, Inc. > Motley Fool on LPH

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Post by raceagainstthestorm on Jan 05, 2013 8:30am

Motley Fool on LPH

Last week I said that Bill Ackman’s short thesis on Herbalife was the best single piece of research that I’ve ever seen conducted. However, on Thursday I read The GeoTeam’s short thesis on Longwei Petroleum and I have quickly changed my mind. The research laid out detailed analysis of the company’s operations which were based on actual physical evidence such as recorded interviews, SAIC filing analysis, and live video surveillance. The GeoTeam called its research on Longwei Petroleum the strongest conclusion of fraud to date. A good short thesis is always more difficult than a bullish stance, and The GeoTeam hit one out of the park with this research, leading to a stock decline of more than 70%. I’ll be curious to see how the company responds, but at this time, I would not touch the stock. Click here to read the research report.

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