I've got an analyst's report on Centennial Coal from Ord...

I've got an analyst's report on Centennial Coal from Ord Minnett that rates Centennial very highly with big growth forecasts.

Since the report came out the stock has dropped from $2.30 to $2.20, but in the presentation Ord's were talking it up to $4.

I think they've softened due to the stronger Aussie dollar, but CEY are in the unique position that 80% of their sales are domestic, so they are shielded from significant currency movements.

I don't own any but with a PE of 6.8 they'd be a good option for someone with a 2 year growth strategy (although I know that 2 weeks is a long term plan for most the punters here).

Cheers