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Covered Companies
China Energy Recycling - CREGWhen I published my October 8 article on Carlyle Group - the largest private equity firm in the world, I was planning on doing a follow presentation on China Energy Recycling (CREG) - why? because Carlyle owns 32% of China Energy Recycling and has invested about $25 million. Carlyle can make mistakes, but you don't get to be an $80 billion private equity fund without making some astute growth investments. Let's cut right to one of the difficult admissions as it relates to China Energy Recycling - many of you read my recent treatment of CGYV where I expressed my disappointment in their relatively weak performance in 2009. There's no way to sugar coat this - CREG has the superior model where projects are designed to generate recurring revenues for anywhere from one year out on an unlimited basis. Bad quarters are replaced with recurring revenue cash flows, and analysts love a predictable revenue and profit model.
Quote Data
Business SummaryChina Recycling Energy Corp. ('CREG' or 'the Company') is based in Xi'an, China and provides environmentally friendly waste-to-energy technologies to recycle industrial byproducts for steel mills, cement factories and coke plants in China. Byproducts include heat, steam, pressure, and exhaust to generate large amounts of lower-cost electricity and reduce the need for outside electrical sources. The Chinese government has adopted policies to encourage the use of recycling technologies to optimize resource allocation and reduce pollution. Currently, recycled energy represents only an estimated 1% of total energy consumption and this renewable energy resource is viewed as a growth market due to intensified environmental concerns and rising energy costs as the Chinese economy continues to expand. The management and engineering teams have over 20 years of experience in industrial energy recovery in China.
Disclosure
No compensation of any kind was paid for coverage of CREG. The editor and affiliates of MarketByte LLC have invested approximately 82,000 shares with an approximate cost basis of $1.30 per share. Shares can be bought and sold at anytime without notification.
Current Position as of 03/05/10: 58,000 Shares Total Dollars Liquidated as of 03/05/10: $95,227.94 Recent News HeadlinesMon, 25 Jan 2010 19:36:01 Etc/GMT Mon, 25 Jan 2010 13:00:00 Etc/GMT China Recycling Energy Corp. , a leading industrial waste-to-energy solution provider in China, today announced that the Board of Directors approved the increase in the size of the Board from six members to seven members and has appointed, Mr. Fri, 15 Jan 2010 13:00:00 Etc/GMT China Recycling Energy Corp. , a leading industrial waste-to-energy solution provider in China, today announced its preliminarily financial results for the fourth quarter and full year 2009. Mon, 11 Jan 2010 13:00:00 Etc/GMT China Recycling Energy Corp. , a leading industrial waste-to-energy solution provider in China, today announced it has completed the first 9-MegaWatt capacity power unit in Phase I for the Erdos' Waste Heat Power Generation Project with Erdos Metallurgy Co., Ltd. and is on track to complete the entire Phase I project during the first quarter of 2010. Wed, 30 Dec 2009 20:54:05 Etc/GMT Wed, 30 Dec 2009 13:00:00 Etc/GMT China Recycling Energy Corp. , a leading industrial waste-to-energy solution provider in China, today announced the additional successful raise of RMB 25,000,000 yuan on December 18, 2009, in loan support for the Company's Erdos Power Generation Project. Tue, 8 Dec 2009 20:23:56 Etc/GMT Wed, 2 Dec 2009 19:01:16 Etc/GMT Mon, 23 Nov 2009 15:40:48 Etc/GMT Thu, 19 Nov 2009 18:02:24 Etc/GMT Mon, 16 Nov 2009 11:20:58 Etc/GMT Thu, 5 Nov 2009 21:56:21 Etc/GMT Mon, 2 Nov 2009 22:28:33 Etc/GMT Tue, 13 Oct 2009 10:13:51 Etc/GMT Mon, 28 Sep 2009 21:26:03 Etc/GMT Mon, 28 Sep 2009 21:21:33 Etc/GMT Tue, 25 Aug 2009 20:46:30 Etc/GMT Thu, 20 Aug 2009 21:10:33 Etc/GMT Wed, 19 Aug 2009 21:28:10 Etc/GMT Tue, 18 Aug 2009 20:46:29 Etc/GMT |
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