This stock usually moves in one direction consistently up or down for a period of time. It would seem that we shook off the malaise of the OLP Global rumors. This stock is now being moved by the fund managers back up to their comfort level. This is a well run, well financed company with great numbers.
next run up I may have to short it on the way down...lol...just kidding.
Did you see the GEDU deal from yesterday? Interesting because it shows that Education in China ( especially the english courses) are getting in demand.
I posted thia yesterday:
<Pearson, though, seems to be getting a good deal at a net cost of about $155 million for a company that trains Chinese students to speak English. Even after today's stock move, Global Education trades at less than a 10th of the market cap of New Oriental Education (NYSE: EDU ) , but analysts expect it to grow earnings by 38% next year compared to under 30% for its rival.********** However, long term, Wall Street is looking for New Oriental to churn out profits at a 30% clip annually, while only expecting Global to do so at about half that rate*****>
How big is this going to be for EDU down the road!!