ST. LOUIS, April 16, 2012 (GLOBE NEWSWIRE) -- Murphy Analytics (MA) has initiated coverage on Xinde Technology Co (OTCBB:WTFS). The Initiation Report contains a detailed discussion of WTFS current business operations, market dynamics, macroeconomic data and indicators, financial results and risks. The Initiation Report is available at: http://www.murphyanalytics.com/uploads/WTFS_Initiation.pdf.
Analyst Patrick J. Murphy, CFA notes in the report: "Although the slowdown in China's growth clearly has affected WTFS results in the short term, the demographic and macroeconomic factors that have driven China's rapid growth remain in place; and while future growth may be relatively slower than recent historical growth, it seems reasonable to expect that over the longer term, the country will continue to have one of the strongest major economies in the world…While predicting what may happen in the short term is challenging, it seems that WTFS pricing, product portfolio, branding and operating strategy place the Company in a position to benefit from China's robust growth over the longer term. Murphy Analytics (MA) expects that over the coming quarters, WTFS has the opportunity to deliver results that justify a long-term, positive view of the Company's prospects, and WTFS shares have the potential to trade at a multiple significantly higher than the current 1.25x PE multiple."
About Murphy Analytics
Murphy Analytics is an independent investment research firm providing coverage of microcap and smallcap stocks. Utilizing institutional caliber, fundamental, bottom-up analysis, Murphy Analytics helps investors make informed investment decisions about equities without extensive analyst coverage, with a focus on small-cap and micro-cap public stocks. Murphy Analytics LLC is owned by Patrick J. Murphy, who has nearly 20 years of capital markets experience, providing institutional investment and transaction analysis across a range of asset classes including microcap equities, commercial real estate debt and equity, municipal derivatives and public finance, venture capital, fixed income, CMBS and mortgage REIT's.
Disclosure: MA was paid $5,000 by Endeavor Capital in advance of the publication of this report and Endeavor Capital has agreed to pay another $5,000 to MA in advance of the publication of one update report. Neither MA nor the analyst owns or trades the shares of covered companies. Statements herein may contain forward-looking statements and are subject to significant risks and uncertainties affecting results. MA provides no assurance as to the subject company's plans or ability to effect proposed actions and cannot project capabilities, intent, resources, or experience. This report is neither a solicitation to buy nor an offer to sell securities and is to be used for informational purposes only and should not be used as basis for investment decisions. MA is not an investment advisor or broker/dealer and this report does not provide investment advice.