Under The Radar: Gushan
For Speculation Friday, Cramer highlighted a stock that touches on three of the hottest themes out there: China, energy and the environment.
Gushan Environmental Energy is the largest producer of bio-diesel fuel in China. While bio-diesel hasn’t caught on in the U.S., thanks in no small part to what Cramer called our “politically mandated marriage to ethanol,” it is becoming the fuel of choice for the Chinese. They’re hungry for energy and they’ll take it any way they can get it.
The stock is about as under-the-radar as they come, according to Cramer. It came public in December at $9.60 and still trades in that range. At this price, Gushan is a bet Cramer would be willing to make, especially with the rising tide of the Beijing Olympics almost certain to lift Chinese stocks.
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