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Enter Symbol:
 
SHENGDATECH INC (SDTHQ) [hlAlert]

Rating:
Buy SDTH
down 99.69 %

SHENGDATECH INC (SDTH) upgraded to Buy with price target $7.50 by Global Hunter Securities

Posted on: Wednesday,  Aug 12, 2009  8:25 AM ET by Global Hunter Securities

Global Hunter Securities rated Buy SHENGDATECH INC (OTCBB: SDTHQ) on 08/12/2009, when the stock price was $6.47. Since
then, SHENGDATECH INC has lost 99.69% as of 10/15/2012's recent price of $0.02.
If you would have followed this Global Hunter Securities's recommendation on SDTHQ, you would have lost 99.69% of your investment in 1160 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.

Global Hunter Securities uses a disciplined quantitative and qualitative approach, our analysts are focused on covering small-cap companies with unique value and above average growth, primarily in the following sectors: Consumer, Energy, Healthcare, Industrial, Services and Technology. Additionally, Global Hunter Securities has analysts specifically focused on Special Situations and International opportunities. Global Hunter Securities' analysts maintain strong relationships and ongoing dialogue with management teams and industry professionals to ensure propitious access to information.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/12/2009 8:25 AM Buy
None
6.47 7.50
as of 1/1/0001
1 Week   
1 Month   
3 Months   
1 YTD   
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/13/2009 8:25 AM Hold
None
3.82

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