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New Oriental Education & Technology Group Inc. Message Board

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  • chivalry_66866 chivalry_66866 Dec 17, 2012 11:03 AM Flag

    Steady and Up

    Hey Princess....gald to see you back. Are you still long? Thought you sold.

    Sentiment: Buy

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    • Yes, I am still long a little by shorting January's puts @19. I am looking for good fundamental with good valuation. My target for EDU is in the neighborhood of $20 (conservative) before January's earnings report. I will look very carefully for evidence of margin improvement and growth in Shanghai and Beijing. If things go well, its P/E will expand to 20 and the stock could see upper twenties. Maybe the market will bring another Christmas gift before then.

      • 1 Reply to princess.poem
      • Oh, well, no second gift. EDU remains above $19.

        2012 turned out a great year for me, as the market provided two profitable chances to long EDU. Right now I could not find many other values in the market (other than BIDU and JOBS, of both I long a good size). I see there is some value remaining in EDU. So I shorted a few February's puts of EDU.

        What I missed most was CTRP. I kept longing it in the first half of the year, only to see its profitability dropping and dropping each quarter. I pulled out and then the stock all recovered without much improvement in the fundamentals.

        I bought SFUN when it was really cheap but sold it way too early. No blame here because I do not have a good understanding of its business. That led me to act highly conservatively.

        Glad that I never played AAPL, based on the belief that its extremely high margin was not sustainable.

        Wish all EDU longs a better 2013. And EDU shorts should really seriously think twice.

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