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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.
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Business Summary![]() China 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 08/27/10: 14,222 Shares Total Dollars Liquidated as of 08/27/10: $274,117.55 Recent News Headlines![]() RSS feed not found. Please remove this RSS feed or check Yahoo! Finance for more symbols. |
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