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New Oriental Education & Technology Group Inc. Message Board

  • greenforever01 greenforever01 Jan 29, 2013 12:04 PM Flag

    this Q is actually not bad

    they expanded too quickly in the last year, so does the expense. We will see much more profits in the coming Qtrs with the slow expanding.

    Sentiment: Strong Buy

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    • Sure, stay invested in this stock, and good luck. EDU is selling at 2.5X revenues, and 4X book value. Take out the cash, and EDU has a negative book value. And who really knows with these companies if the cash is actually there. Muddy Waters had some pretty convincing evidence of fraud. Im not saying MW is right or not, but after seeing how many Chinese frauds there are on our US exchanges, one has to discount that potential in the price. I would pay book value or maybe one times revenue at most for this stock.

53.06Oct 25 4:02 PMEDT