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New Oriental Education & Technology Group Inc. Message Board

  • bretbeck bretbeck Aug 24, 2007 3:08 PM Flag

    Are we there yet?


    is it $60 yet?

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    • The next earnings announcement is expected on 10/17/2007. We may need to wait until late September for the pre-earnings run, but you'll see $60 and more quickly if I'm right on this one. I am expecting quarterly earnings to be in the range of .75 to .80 per share. Summer is the season for EDU.

      • 1 Reply to jmcbride383
      • what do you do then, knowing it will soon collapse ....

        Remember all the big cities they have centers there(easy growth phase is over), the strongest season will soon be over, the stock is way over-touted, almost 120%-200% of the good news have been priced in, and their book may not be right (in China you can only trust big state-run companies)....

        20 years ago Chinese students coming to US are talented students, these days only second-tier students or not so ambitious students will come to US (with so many opportunities in China, those students coming to US these days will not do well : personalities decide they will come here, and also personality will decide that they will not do well), EDU is in a declining business ....

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