StockIceMan's Weekly Stock Pick
Week of
May 26, 2008
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Stock: |
Shengdatech, Inc. |
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Ticker Symbol: |
SDTH - Nasdaq - Specialty
Chemicals |
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Buy: |
7.75
to 8.25 |
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Sell: |
11.00 |
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Info: |
Shengdatech, Inc. engages in developing,
manufacturing, and marketing nano precipitated
calcium carbonate (NPCC) products. Its NPCC
products are used in paper, paints, rubber,
plastic, tire, and polyvinyl chloride building
materials industries. The company also offers
coal based chemicals, including ammonium
bicarbonate used in nitrogenous fertilizers;
liquid ammonia; methanol, which is used in
chemical, pharmaceutical, light, and textile
industries, as well as an alternative to fossil
fuel; and melamine, an intermediate product of
resin. Its coal based chemicals are also used as
raw materials for the production of organic and
inorganic chemical products, including
formaldehyde and pesticides. Shengdatech, Inc.
offers its products to the manufacturers and
distributors of agrochemicals primarily in
Shandong and other parts of northern China. The
company was founded in 2005 and is based in
Tai'an City, China. |
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Financial Info: |
For
the three months ended 3/31/2008, revenues
increased 29% to $28.6 million. Net income
increased 37% to $7.4 million. |
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Key Ratios: |
Current
Ratio: 1.922, Total
Debt/Equity Ratio: 0, Trailing P/E: 15.00x,
Forward P/E: 11.01x, Price/Sales: 4.07,
Price/Book: 4.35 |
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Share Info: |
There are 54.20
million shares outstanding with 30.14
million shares in the trading
float. Institutions own
approximately 9.20% of the shares
outstanding. There have been no insider
purchases or sales in the last six months.
Real-Time SEC Filings
As of 4/25/2008, there were 3.06 million shares short.
Net Institutional Selling:
1,373,530 shares last quarter. |
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Articles: |
ShengdaTech Prices $100 Million Convertible
Senior Notes |
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