NWD (New Dragon Asia Corp) 
NWD profile:
New Dragon Asia Corp. and its subsidiaries engage in the milling, sale, and distribution of flour and related products. It produces and markets a range of wheat flour for use in bread, dumplings, noodles, and confectionary products, as well as offers instant noodles and soybean-derived products to retail and wholesale customers in China. The company also provides a range of instant noodle products, such as packet noodles for home preparation, and snacks and cup noodles for outdoor. In addition, the company offers two types of soybean products, including soybean protein powder, and soybean powder supplied principally to food and beverage manufacturers. The company markets and sells its products through distributors, supermarkets, and food stores in China. It also exports its products to Korea, Australia, Malaysia, and Indonesia. New Dragon Asia Corp. was incorporated in 1999 and is headquartered in Shenzhen, China.
Some key statistics (per Yahoo Finance)
Market Cap (intraday): 79.70M
Book Value Per Share (mrq): 0.853
Shares Outstanding: 52.43M
Float: 16.75M
% Held by Insiders4: 64.49%
% Held by Institutions4: 1.00%
Shares Short (as of 12-Dec-06)3: 541.84K
Recent insider transactions:
19-Jan-07 LU HENG JING
Director 2,500,000 Direct Sale at $1.61 per share.
Some quick opinions:
NWD makes processed foods; noodles and soybean products.
This looks like a good stock to have considering the recent world market woes. They recently reported strong 3Q results. 4Q/2006 results should be out by 3-30-07.
In October, the company was still in agreement with its 2006 guidance of a record $60,000,000 in revenues.
NWD has a strong balance sheet, and has increased production by acquiring undervalued assets in the last two years. NWD has high insider holdings. The chairman just dumped a load at $1.61 in January. I predict that eventually NWD will follow in the footsteps of AOB and JADE as
the next exploding China stock; however, it may not be this year.
Still, this is a long term stock. I've jumped in and out of this for a while. I had some at $1.70 before the crash (NWD was in a steady growth trend before the fatal Tuesday), but now I've added more at $1.49. I am not selling early on this one, I already missed the full potential of JADE and AOB. I'm not missing NWD.