Dutton Associates Rates China Direct, Inc. (CHND.OB) with a Target Price of $5.52
Recently, China Direct was rated a “Strong Speculative Buy” by Dutton Associates. The company’s mission is to create a platform to support, develop and nurture emerging companies in China. China Direct has successfully identified and acquired major stakes in several quality Chinese entities. The independent research bureau expects the company to increase their revenue from $0.17 million in 2006 to $6.07 million in 2007. The ample amount of business opportunities in China is one of the key factors supporting the strong buy rating. Many of these companies have inefficient capital and need someone, such as China Direct, to acquire majority…