China education sector is boiling? Why is DL pulling back? Did it go to far too soon? EDU is active today. CAST CEDU CEUA.ob ATAI have all hit new highs recntly. Very small CIVS.ob NED and MBA could follow.
Here is an example of the Chinglish on their website:
"We use regional sales agents to sell our pre-paid study cards, which represents the primary method for our selling and receiving payment for our courses. In addition to our online education courses, we also sell books and reference materials through third-party bookstores and distributors across China, and, to a lesser extent, through our online bookstore and our offices in Beijing. In addition, we also, from time to time, provide course production services for certain customers at their request.
The growth of China's education market is driven by several factors, including favorable demographic and economic trends, benefits of higher and professional education, overall growth in educational spending and increased growth in private education. CDEL is ready to tackle on this unique market opportunity. We see our growth strategies as a multi-pronged approach. Our aim is to increase enrollments in our existing offering courses, expand offerings into new subject areas and finally, to develop a lifelong learning programs for our students."
I decided not to "tackle on" this stock because the company can't even produce a decent English-language version of its website. Are they in the education business, or are they just focused on increasing sales of study cards to dolts? Do you realize that most people in China long to study the English language? Clearly they won't gain much proficiency in the language with verbiage and grammatical fodder as examples.
Very good point. Thanks for this email as I was researching this company and may have been close to buying. EDU seems to be the best bet and one should probably buy that along with a smaller riskier player like this.