MDOR.OB - Sector: Basic Materials ---Industry: Industrial Metals & Minerals

[setravis]

Profile:  

 
Magnum d'Or Resources Inc.
1326 South East 17th Street
Suite 513
Ft. Lauderdale, FL 33316
United States - Map
Phone: 305-420-6563
Fax: 305-395-4858
Web Site: http://www.magnumresources.net

DETAILS  
Index Membership: N/A
Sector: Basic Materials
Industry: Industrial Metals & Minerals
Full Time Employees: 2


BUSINESS SUMMARY  
Magnum d'Or Resources Inc., together with its subsidiary, Magnum Recycling Canada, Inc., engages in the development and sale of re-cycling rubber tires into various rubber products. It offers recycled rubber products, reconstituted rubber derivatives, and rubber powders to distributors and manufacturers. The company was founded in 1999 and is based in Ft. Lauderdale, Florida.

[setravis]

Press Release Source: Magnum D'Or Resources, Inc.
Cohen Independent Research Group Initiates Coverage on Magnum with a $2.67 Buy Rating and Releases Positive Research Report
On Sunday April 26, 2009, 9:00 pm EDT


Related:Magnum d'Or Resources Inc.
FORT LAUDERDALE, Fla., April 26 /PRNewswire-FirstCall/ -- Magnum D'Or Resources, Inc. (OTC Bulletin Board: MDOR - News) a next generation rubber recycling solutions company announced today that Cohen Independent Research Group (CIRG), Wall Street's leading independent research firm, has initiated unsolicited non-compensated coverage on Magnum D'Or Resources, Inc. with a "BUY" recommendation and a $2.67 per share Target Price. CIRG provides an in-depth analysis, including 5-year financial and valuation projections, on Magnum's business and its significant growth drivers. To view the Full Research Report and "Buy" recommendation on MDOR visit http://www.grass-roots-distribution.com/mdor-report.pdf

CIRG highlights positive quotes on Magnum including; "We expect tremendous growth potential as the Company expands globally along with its partner Sekhar Research Innovations. Revenues are expected to grow from $10 million in 2009 to more than $95 million in 2013. The Company seeks to benefit from the ongoing shift towards green products and technologies. Magnum's proprietary expertise for recycling scrap rubber will help in establishing a niche in the rubber industry. We believe Magnum is a compelling opportunity for risk adverse investors."

It goes on to say "We have valued the stock using our Discounted Cash flow (DCF) method to derive short-term and long-term price targets. Our short-term price target is $2.67 reflecting forward P/E multiple of 32.9x and 7.8x times our estimated 2009 EPS and 2010 EPS, respectively. We believe our valuation is conservative."

CIRG price targets on MDOR overall range very bullish from $2.67 to $3.71 per share.

About Cohen Independent Research Group (http://www.cohenresearch.com/)

Http://www.grass-roots-distribution.com/home.php is CIRG's small cap distribution website. Based in San Rafael, California, CIRG has a strong record of working with emerging growth companies in the U.S. that do not have current analyst coverage, but who, according to Mr. Cohen's proprietary valuation techniques, are "undervalued gems and destined for long-term growth and success." CIRG includes nine PhD's (three with MD's), two MD's, six CFA's (chartered financial analyst), three with CPA's (certified public accountant) and 21 analysts covering most industries.

Founded and led by D. Paul Cohen, CIRG is Wall Street's #1 Independent Research Firm. As founder of Bear Stearns Western Regional Offices, D. Paul Cohen was one of the original 12 Dirty Dozen analysts, regarded by many to be the top 12 security analysts in the nation. Mr. Cohen was also the West Coast Senior Vice President of CBWL-Hayden Stone-American Express. Mr. Cohen's partners were Sanford I. Weill (past Chairman and CEO of CitiGroup and past Chairman of Salomon Smith Barney) and Arthur Levitt (past Chairman of the SEC).

Magnum/SRI are currently using their advanced technologies to produce next generation rubber recycling solutions for custom compounds, retread compounds, processing aids, advanced state-of-the-art equipment, and reactivated ambient/cryogenic rubber powders for the global market. View recent Mangum/SRI Next Generation Custom Compound positive trials http://magnumresources.net/view-investors.php?id=180

Magnum's 98,000+ sq ft facility is located in Magog (Quebec). Magnum currently holds over $130 Million USD in open contracts for the production of rubber nuggets and rubber buffings (mulch).

To view SRI visit http://www.srielastomers.com/
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:
    Magnum D'Or Resources, Inc., Fort Lauderdale
    Investor relations: 305-420-6563
    [email protected]

www.magnumresources.net

[setravis]

This should have been posted sooner for you all, I get behind with things sometimes! 
Stock on Fire....... 

WallStreet expects MDOR to hit $2.67 which is over a 300% gain from where it's at now!
NyTimesReport say's MDOR is going to "Soar, Fly, Run."
MDOR closed on Friday 04/24/2009 very strong and up 7% for the day at $0.82.

MDOR Breaking News Out from major WallStreet Independent Research Firm saying, "MDOR is worth $2.67 and their expecting tremendous growth potential as the Company expands globally along with its partner Sekhar Research Innovations. Revenues are expected to grow from $10MM in 2009 to more than $95MM in 2013"

MDOR should really breakout this week starting tomorrow in the A.M.....This Bullish Research Report Confirms exactly what we have been telling our members that MDOR
is dirt cheap and extremely undervalued!!!!

52wk Range: 0.02 - 0.83
Volume: 1,979,002
Avg Vol (3m): 49,900

Technicals
Record Volume
Percentage Gainer

Last Price Quote is:
inf%above 13-day MA
inf%above 50-day MA
RS Rating: N/A 

Fundamentals
Key Data:
Market Cap (M): N/A 
P/E Ratio: N/A 
PEG Ratio: N/A 
Next Earnings: N/A
Last Analyst Rating: N/A

[setravis]

With what has happened with MDOR on Monday, we can only take an even more
bullish approach to staying with MDOR until it reaches its short term target price
of $2.67

After the stock broke right through the resistance of $0.95 again which was the all time
high for the stock. We had a major breakout closing up 30% +$0.25 for Monday.
On what was another record volume day.

We are in a very volatile and explosive situation right now because even though MDOR
hit $1.15 Monday. The charted resistance point is still less than $1.00 per share.
So we are actually already on Tuesday's open trading above resistance and could be
poised  for a major gap this week sending the stock into the hall of fame for those
huge baggers.

                                                                                                                      All Time Hight $1.15 


Look at DNDN a Mirror Image Chart showing what MDOR looks like it could do.
This is DNDN, Just like MDOR on major volume, they had just over a 200% in price
per share, some base trading where they just churned through sellers and new
longs stepped in. Then after some major news from the company DNDN made staggering
jump from the $5.00 range to over $22.00 in just a few days.

If you compare the monthly chart to that of MDOR
you see a very similar but in this case and even more Bullish demand for
the shares from the market.

[setravis]

Today is more than a breath of fresh air for the smallcap community. 
MDOR is trading up so high and so fast.
Investors were scrambling to the front lines to jump in before
it is too late.

We have broken every resistance point that MDOR has had so far.
Being that the stock is now moving like a hurricane up another $0.47 to a $1.54 close.
from an open @ $1.07 this morning.

Now the stock is trading on record volume again today, setting all time highs,
and really could be right on its way to the projected price of $2.67 set by
Cohen Independent Research Group on Wall Street.

Looks like just the tip of the iceberg.......



Move fast this today.... The market does not wait for you!

[setravis]

Link to all Headlines...

http://finance.yahoo.com/q/h?s=MDOR.OB

[setravis]

updated chart look...

[setravis]

Updated chart look...
Maybe we got some legs to stand on.