Noah Education (NED)

KSB47 (< 20) Submitted: 12/30/2007 10:38:09 AM : Start Price: $8.56 NED Score: -36.89

A very high emphasis is placed on education in China. More diverse education means greater acceptance in to the best Universities, higher professional positions and greater income. In China, (one-child policy) children are raised to be as successful as possible because they will be responsible for taking financial care of their parent's later in life. There are currently 291 million children between the ages of 5-19, Noah's target audience. Noah is the ONLY interactive educational company to partner with China's Ministry of Education. With over 30,000 course titles, Noah is very well positioned to capitalize on the necessity (not need) for higher learning. Last quarter, gross revenue increased 40% Y/Y and continued gross revenue growth is anticipated to be 40% Y/Y. For F2008, net revenue in expected to be 96-97 million, or 30-32% Y/Y growth. Company is looking at organic growth and growth through acquisitions. -- Solid investment at the current price.