Stock Guru Profile DRGG
Equity Stock Analysis Report on Dragon International
A look at the Equity Stock Analysis Report on DRGG
Equity Stock Analysis reviewed the business climate in China and delivered a sixty cent target for DRGG.
The report noted that DRGG was a representative of International Paper in China. This evidences a strong ability to work with a pre-eminent American company. The integration of a Chinese company in a representative capacity indicates DRGG understands the structure and function of American companies.Further, the fact that DRGG has decided to comply with the incredibly high standards of United States Accounting procedures including GAAP. This indicates a high degree of accountablity. In fact since the implementation of Sarabannes Oxely foreign companies registering in the United States have decreased by ninety percent.
DRGG has the Research and Development sector of packaging firmly in hand and is currently participating in nanotechnology advancements as applied to packaging. This has allowed them to enter into the pharmaceutical packaging market in both India and China. As China and India continue to participate in world economic growth with the largest GDP growth in the world packaging will become a fundamental and essential element of this growth.
With the recent purchase order for $1.92 million for the next twelve months by Jiangdong Yonglongxin Special Paper Company, Limited (”Yonglongxin”) from Hangzhou Xihu Printing Industry Co., Ltd (”Hangzhou Xihu”) for 8,000 big boxes per month that will consume approximately 200 metric tons of board paper per month, DRGG’s potential is once again apparent.
DRGG generated $1.227 million in operating income, a 620% increase compared to $175,000 in fiscal 2005. Excluding stock-based compensation and non-cash charges related to Dragon’s July 2005 debt financing and its conversion into equity this past fiscal year, EPS would have been $0.02 per share. The Company ended the fiscal year with stockholder equity of $8.246 million, approximately $0.14 per share, a record level for the Company. For more information about DRGG financial performance, review the DRGG 10K filing with the United States Securities and Exchange Commission.
It is for all these reasons that Equity Stock Analysis has placed a sixty cent target on DRGG. Be sure to read the report: Equity Stock Analysis Report on DRGG
Source: DRGG
Contact:
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
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.
SafeHarborand 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/.
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