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osubucks30
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Stocks getting killed. Now SGTI is down to $1.60. I have bought some. The book value is over $2 plus its drugs and even in a downturn people need there medications and still have to eat!!

Shengtai Pharmaceutical Inc. (OTC BB: SGTI) is China's leading manufacturer and supplier of pharmaceutical grade glucose for medicinal purposes. Dextrose, a form of glucose is one of the most important carbohydrates and is the chief source of energy in the human body.
We also produce other medicinal product lines and glucose and starch products such as industrial glucose, syrup, starch, avermectins, dextrin, maltose and maltitol, which are used for food, beverage and industrial production.
Posts: 1377 | From: Ohio | Registered: Mar 2004  |  IP: Logged | Report this post to a Moderator
osubucks30
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A couple updates:

Shengtai Pharmaceutical Completes Factory Improvements Resulting in Operational and Environmental Benefits
Link:
http://biz.yahoo.com/prnews/081017/cnf025.html?.v=18

Shengtai Pharmaceutical Expands International Sales Program
Link:
http://biz.yahoo.com/prnews/081030/cnth011.html
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osubucks30
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Should report first quarter results in middle of November.

Company info:
http://money.cnn.com/quote/snapshot/snapshot.html?symb=SGTI

WARNING THE STOCK IS LIGHTLY TRADED!! IF YOU CAN"T TAKE BE DOWNING ALOT ONE DAY DONT BUY! I think the volume will pick up with a few more great quarters!
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osubucks30
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Edit above comment:
WARNING THE STOCK IS LIGHTLY TRADED!! IF YOU CAN'T TAKE BEING DOWN ALOT IN ONE DAY DONT BUY!

From what I have gathered revenues in Q1 should be around $27 million with profit of at least .14.

This is based on two sources.
Link:
http://jmdutton.com/research/sgti/reports/sgti_report_080508.pdf
and
http://www.shengtaipharmaceutical.com/news_en/images/103118_1.pdf

Its only trading at a PE of 11 on its Q1 earnings alone!! lol
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osubucks30
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Earnings will be released after close on Thursday November 13.

Link:
http://biz.yahoo.com/prnews/081110/cnm068.html?.v=1
Posts: 1377 | From: Ohio | Registered: Mar 2004  |  IP: Logged | Report this post to a Moderator
   

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