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Here we go again. Trying to make up for lost buy bets on China stocks.
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ChinaCast Education may be a growing company in the post secondary and elearning education field, but unfortunately China based company's on the US exchanges, especially in areas where the finances are difficult to correlate will remain "tainted" for sometime still. If the issues uncovered with accounting, transparency, actual reality, etc, had been limited to China, company's such as ChinaCast based in Hong Kong may have survived the stigma. ChinaCast, itself, however has some shorter in the fray pulling at the curtains.
http://www.thefinancialinvestigator.com/?p=344
It doesn't matter in some cases what is true or not true. In some cases I'd root for the underdog getting the attention it might not deserve, but the markets don't make concessions for underdogs. ChinaCast spiked slightly on earnings, I expect a retrace.
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Chinese reverse merger fraud.
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fraud
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9/26/11 Options Predictor Rank #43. P/C Ratio 0.132 and Call Sizzle 5.908.
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Another Chinese Stock Fraud:
http://seekingalpha.com/article/262299-6-reasons-i-m-short-chinacast-education
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Tracking portfolio for China based companies that gained listings on US exchanges (Nasdaq, NYSE, or Amex) after conducting reverse mergers. Stocks that have been delisted have been omitted. Start date: Jun 24, average P/E of these companies: 3.
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This is a small/mid cap high growth stock that should outperform the S&P during the bull market.
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This is a tracking portfolio of all CAPS-ratable tickers in the Chinese RTO/SPAC space (i.e., companies that listed without filing an IPO).
Chinacast Education Corp. went public via a blank check (SPAC) merger in 2006. The company is based in Hong Kong.
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Covestor Model Manager Jose Betancourt bought CAST in his Cash Flow Covestor Model ( http://covestor.com/Jose-Betancourt )
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A lot of potential
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http://seekingalpha.com/article/236454-20-profitable-stocks-with-low-peg-ratios?source=TheMotleyFool
2. ChinaCast Education Corporation (CAST): Education & Training Services Industry. Market cap of $390.28M. PEG ratio at 0.71. EPS has grown by 54.61% over the past 5 years, with EPS growth projected at 30.% over the next 5 years. Sales have grown by 33.88% over the past 5 years. Short float at 2.93%, which implies a short ratio of 5.54 days. The stock has gained 30.45% over the last year
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China's education market is exploding and this is the largest private firm running both physical and internet learning centers. They have plans to expand and continue to provide quality education in a country that is quickly learning it's the right thing to do.
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Chinese education is considered the most important thing here and you should give this one a hard look,as the word on the street is all good.
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Just upgraded to the NASDAQ Global Select Market. Solid fundamentals. Great position in the Chinese market. Ride the wave!
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Education is a major priority in China
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Fundamentals and valuation look great on this stock. An investment in education for China is a win-win.
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excellent financials - Chinese value education much more than Americans - Look at our west coast universities. This stock will grow.
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