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IT Tech Packaging Inc T.ITP


Primary Symbol: ITP

Forest Products Paper & Paper Products
IT Tech Packaging, Inc., formerly Orient Paper, Inc. is a holding company for the Hebei Baoding Orient Paper Milling Company Limited (Orient Paper HB), a producer and distributor of paper products in China. The Company is engaged in production and distribution of four categories of paper products: corrugating medium paper (CMP), offset printing paper, digital photo paper and tissue paper products. The Company, through Baoding Shengde Paper Co., Ltd. (Orient Paper Shengde), is engaged in production and distribution of digital photo paper. The Company operates through two segments: Orient Paper HB, which produces printing paper and CMP, and Orient Paper Shengde, which produces digital photo paper. CMP is used in the manufacturing of cardboard. The Company has over two corrugating medium paper production lines, including PM6 and PM1. The Company also produces finished tissue paper products that are marketed and sold under the Orient Paper brand.


NYSEAM:ITP - Post by User

IT Tech Packaging Inc
Bullboard Posts
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(6)
•••
Post by trendstron Nov 26, 2012 7:27pm
195 Views
Post# 20646376

quietly creeping up

quietly creeping up

There is not a lot of volume (28,330 today) but ITP is quietly creeping up.  It closed today at $8.  Earnings have been good and with the dividend it seems like a reasonable buy that could have some good upside considering that the US housing market and their economy in general is turning positive.  I am out now but if I had some extra cash (from bailing on one of my losers) I would consider ITP again.

Bullboard Posts
Dealroom for high-potential pre-IPO opportunities