New Oriental Education & Tech. Group, Inc. (NYSE:EDU)
The Company is the provider of private educational services in China based on the number of program offerings, total student enrollments and geographic presence.
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Great company profiting from China's education boom. Demand for english language ed is STRONG, and people willing to pay to learn. IPO at $15 and soared 47% on day 1. Since inception in 1993 EDU has trained 3M+ students, 872,000 last year alone. Revenue up 20% over last year, Net Income up sixfold from 2003-2005. 101% increase in profits over last year to $20.75M and revenues up 31.4% to $53.98M. Get in while it's on the ground floor!!!
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i THINK THIS STOCK WILL GROW RATHER AGGRESSIVELY.
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Plenty opportunity for growth. Most Chinese have not enrolled in any professional "prep class".
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The atmosphere in China is demanding that English become available to the population. The focus on one child per family pours the attention and finances of the family into the focused child. With the population available to educate, this stock appears well positioned to lead the way.
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good price to in
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language(English) Education will be highly demanded in China at least until 2008
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740 PE, this company is still extremely over valued.
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At $3.8B valuation (at $25.6 per share with 151M shares outstanding including stockoption dilution for 2006) with revenues of 96M and income of $2M is a tad expensive when compared to APOL(Apollo Group) $8.5 B mktcap, $2.4 B revenue, $451M income.
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they are teaching the chinese to speak english huge supply of customers
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