Stock Guru Profile DRGG
Dragon International, Inc. filed a 10Q on October 13, 2006.
This report indicates that during the fiscal year ending June 30, 2006, Dragon International generated revenues of $18,434,087 as compared to revenues of $11,282,376 for the fiscal year ended June 30, 2005. This represent an increase in revenue of $7,151,711 ( 63.3%).
That’s 18.4 million dollars of revenue in one year.
DRGG has a Market cap of 7.3 Million with 58.46 Million shares outstanding shares at the last recorded trade of Friday of $.125 per share.
This means the company’s market cap is less than half of its annual revenue.
DRGG also has a strong balance sheet. At the end of the Q4, DRGG had $ 466,272. in cash and shareholder equity of $7,013,370.
The picture becomes even brighter when he Earnings per Share of Dragon International are adjusted for a one time non-cash charge. The one time non-cash charge to earnings as reflected in the 10Q filed on Friday indicate $0.016 per share in EPS, which is for the trailing 12 months ending June of 2006. Using this adjustment is essential for comparisons between the periods to be meaningful.
DRGG showed growth by expanding on its current customer base and developing new customers. DRGG has just expanded into the pharmaceutical industry in India.
The Chinese Government has targeted the pulp and paper industry for extensive financial support.
DRGG offers a product that is in high demand with low availability in China. Every product needs a package and a high quality package is what the market wants. It is what Dragon can supply.
STAY TUNED:� as we examine the macro economic picture for a business involved in the paper and pulp industry in China.
DRGG – Dragon International Group Corp.
Bldg 14, Suite A09
29 Dongdu Road
International Trading Center
Ningbo, 315000 China
Website: http://www.drgg.net
Phone: 86-574-56169308
Fax: 86-0574-56169378
Contact:
Andrew Brown
ROI Group Associates, Inc.
Tel: 212-495-0202
Email: abrown@roiny.com
SOURCE: Dragon International Group Corp.
About Dragon International Group Corp. Dragon International Group Corp. (OTCBB: DRGG) is one of China’s leading manufacturers and distributors of specialty paper products and packaging materials. DRGG is operating as a manufacturer and distributor of paper and integrated packaging paper products. DRGG has a distribution network covering east and central China. Dragon and its subsidiaries have cultivated strategic relationships with several of the world’s largest and well-known manufacturers of paper and specialty packaging products. For more information, please visit http://www.drgg.net.
Safe Harbor and Forward Looking Statement: Certain statements set forth in this article constitute “forward-looking statements.” Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company’s actual results and financial position to differ materially from those included within the forward-looking statements, including the Company’s ability to obtain sufficient financing to fund both its internal growth opportunities and acquisition strategy. More information about the potential risks and factors that could affect the Company’s business and financial results is included in the Company’s filings, available via the United States Securities and Exchange Commission at http://www.sec.gov/.
Disclosure: Pentony Enterprises LLC was compensated $22,500 from non-controlling third party ROI Group Associates for profile coverage. Pentony Enterprises LLC is not a registered investment advisers or broker/dealers. Pentony Enterprises LLC makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person or that an investment such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk.
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