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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
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Comment by injailforgoodon Jan 29, 2015 8:18am
112 Views
Post# 23376058

RE:RE:RBC

RE:RE:RBCGreat post backabock. I've noticed the same thing with respect to any company that issues anything that can be even mildly construed as negative (even if temporary and not related to ongoing business prospects).

I call these traders "vultures" because they seem to circle around in the sky looking for a shorting opportunity. So, instead of getting angry one can take advantage of the sharp drop. I also agree that there will be some "churning" in around $18 until earnings and then the stock should start to move higher based on strong end market, lower resin cost (largest raw material input cost - some savings will be passed on to customers for sure in lower revenues but it will raise profitability) and a weaker $CDN. 

Buy this thing and enjoy the gradual move higher.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities