Adding to ShengdaTech

Tuesday morning I decided to add modestly to my position in (SDTH) at $6.70. The stock has continued to creep downward toward its 50 day moving average on light volume, and nothing has changed in my fundamental opinion that the company is undervalued and has strong growth prospects. I may continue to add at these levels.

Comments

[Richie:]

I agree --- If SDTH lives up to its announced earnings growth rate, it is in fact a steal.

2007 Nov 07 02:18 PM