I took Spanish in high school (Yo quiero muchas cervezas, por favor) so my French is pretty weak. All I can figure out from the name of today’s Blog subject is that is means “Big bottle of Gold”. Strange name for a tire recycling company…..unless it means big profits for the shareholders.
Magnum D’Or Resources, Inc. (MDOR) is quite simply a tire recycling company. Until late last year, they were a development-stage company. They recently made that all-important transition to a revenue-producing company (albeit small revenues). I had a long talk with some people associated with the company and they had some big hopes for the company. The company has, through a joint venture, patented technology that they believe will be a game changer.
Here is a short description from the company’s website:
“The Company is able to produce rubber nuggets, buffings, crumb rubber and ultra fine powders which are all used for various industrial applications. Magnum caters to two main markets, Rubber and Home & Garden. Magnum’s technology and processes optimize the grinding and purification and produces on a large scale the finest rubber powders in less than 0.250mm size. The process also is approximately 40% less expensive than available technologies. These features provide the Company with a competitive advantage.” (emphasis added)
I am recommending to my members and readers that they put MDOR on their radars. There are a number of things happening with this company that might make for a higher price stock in the near term: Buzz, news and chart.
Let’s talk buzz first - MDOR is supposedly putting the finishing touches on a promotional video/puff piece that is supposedly going to get national exposure. Read even more buzz for yourself at this link.
News - MDOR has issued a steady stream of positive news. What I like when I read it is that it seems to be factual rather than hype. They still aren’t saying the magic words like “high revenues”, “multi-million dollar financing”, but the news gives the impression that they are moving forward. Also, any positive news along the lines of what I just mentioned will send this stock FLYING.
Chart - My annotated chart below points out some of the positive indicators as I see it.
I had done a research report on MDOR back in September when it was a 50 cent stock. You are welcome to read it….it goes into considerably more detail than this blog and most of the information is still relevant: Click here for MDOR trade overview
One of the challenges for the company is to secure the financing so they can fulfill the enormous contracts they have landed. MDOR is not out of the woods yet, but they can see the edge of the forest (IMO).
One of my readers (Chris B.) emailed me about MDOR when it was at $1.34. I didn’t think it was a buy at that point (I thought it was extended and i was right), but it could be now. If you or Chris trade it, make sure you bracket your trade properly. I really like trailing stops…I always believe my picks are going up BIG.
Definitely a good radar stock.
Good luck and good trading
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