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down 99.75 %

SHENGDATECH INC (SDTH) rated Buy by Merriman Curhan Ford

Posted on: Thursday,  May 8, 2008  8:25 AM ET by Merriman Curhan Ford

Merriman Curhan Ford rated Buy SHENGDATECH INC (OTCBB: SDTHQ) on 05/08/2008, when the stock price was $8.18. Since
then, SHENGDATECH INC has lost 99.76% as of 10/15/2012's recent price of $0.02.
If you would have followed this Merriman Curhan Ford's recommendation on SDTHQ, you would have lost 99.75% of your investment in 1621 days.

ShengdaTech, Inc. (ShengdaTech) is a Chinese manufacturer of specialty additives. The Company?s nano precipitated calcium carbonate (NPCC) products are used as functional additives in various products due to their special chemical and physical attributes. Its NPCC products are sold to customers in the tire, polyvinyl chloride (PVC) building materials, ink, paint, latex, adhesive, paper and polyethylene (PE) industries. During the year ended December 31, 2008, ShengdaTech generated 55.2% of its net revenue from sales of NPCC products. Prior to November 2008, the Company manufactured, marketed and sold coal-based chemical products, namely, ammonium bicarbonate, liquid ammonia, methanol and melamine primarily for use as chemical fertilizers and raw materials for the production of organic and inorganic chemical products, including formaldehyde and pesticides. The Company ceased production of products of its coal-based chemical facility on October 31, 2008.

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Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/8/2008 8:25 AM Buy
as of 1/1/0001
1 Week   
1 Month   
3 Months   
1 YTD   

(*) Stock Price at the time of the recommendation.
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