Magnum d'Or Resources, Inc. (fka MDOR)

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Coverage

Cohen Independent Research Group Initiates Coverage on Magnum with a $2.67 Buy Rating and Releases Positive Research Report
Sun Apr 26, 9:00 PM
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FORT LAUDERDALE, Fla., April 26 /PRNewswire-FirstCall/ -- Magnum D'Or Resources, Inc. (OTC Bulletin Board: MDOR.OB) 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.


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