CHICAGO, Dec. 13 /PRNewswire/ -- Sharon Harkavy, Chief Executive Editor and President of Hotshot Stocks Corp. initiates coverage on Magnum D'Or Resources, Inc. (Nasdaq Bulletin Board: MDOR - News) with a price evaluation of $2.51 per share. Coverage is available at http://www.hotshotstocks.com/profiles-details_MDOR.htm
President Sharon Harkavy stated, "With significant upside potential, this evaluation was based on an analysis of Magnum's fulfillment of current open contracts totaling $131,000,000 over the next 5 years. The company initiated production in November and will continue to increase production on an ongoing basis. In the current market climate, I feel as though the rubber reclamation industry is recession proof. 'Green' is in and will be for the foreseeable future."
In our report we have not factored in the analysis of any additional contracts, increase or extensions to current contracts, or the potential value of their partnership with Sekhar Research Innovations Sdn Bhd, or any of their patents, know-how, trade secrets, and proprietary technology. In addition, we have not taken into account Magnum's other joint ventures or any other potential business opportunities currently in negotiation. In this report we performed extensive research, prepared data, calculated financial figures and used a net of 29% on their calculated annualized revenues ($7,598,000), multiplied by a conservative price to earnings ratio (PE) of 15 which translate to a current price valuation of $2.51 per share for MDOR. We anticipate the Company will produce 25%-35% quarter-over-quarter sales growth and triple-digit year-over-year growth for at least the next several years.
Magnum is currently in a prime position to be the first public company to operate and produce turnkey rubber recycling solutions, and looks to be the pioneers to actually revolutionizing the way rubber is recycled and processed globally.
Hotshot Stocks Corporation feels that Magnum is significantly undervalued at current price levels and will be a serious player in the rubber reclamation and recycling industry worldwide.
About Magnum:
Magnum's 98,000+ sq ft mixed use building on approximately 10 acres of land is located at 2035 Rene-Patenaude Magog (Quebec), J1X 7J2 within the Technology Center of Magog. Magnum currently holds open contracts with NSS, LLC equating to over $130 Million USD over the next five years for the production of both rubber nuggets and rubber buffings.
Magnum owns the exclusive rights to North America and future Global Rights to an array of next generation cost saving custom compounds, patents, process technology, and trade secrets of Sekhar Research Innovations http://srielastomers.com/ that will allow for rubber to be reconstituted and specially blended into EPDM powders, and EPDM compounds. Magnum/SRI have and are developing new high tech custom compounds, processing aids, recycling solutions, and advanced state of the art equipment.
Upcoming Magnum "21st Century Business Solutions Series": http://www.magnumresources.net/view-news.php?id=25
Upcoming "Our Planet and Magnum's Television Series": http://www.magnumresources.net/view-news.php?id=9
About Hotshotstocks.com
Hotshotstocks publishes profiles on up and coming publicly traded companies. With over 30 years in Advertising, specifically, Direct Mail, and eight Industry awards our clients have included John Deere, The Beef industry Council, Kinko's, AMA, and Ulta to name a few.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
Statements contained in this document that are not historical fact are forward-looking statements based upon management's current expectations that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. The company is not required to update its forward-looking statements.
Contact
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Sharon Harkavy, 847.971.0545
