New Oriental Education and Tech Group Inc (EDU)

[Tom turtles]

What a turd ! Market up huge....this continues to plummet

[BottomBounce]

$EDU 12-month price forecasts for New Oriental Education & Technology Group Inc have a median target of 8.95, with a high estimate of 23.55 and a low estimate of 2.10. The median estimate represents a +395.84% increase from the last price of 1.81. https://money.cnn.com/quote/forecast/forecast.html?symb=edu

[saigai]

well im sure they have had to let some contracts go but the issue is why destroy an assett... when it can easily be made to work to support policy without destroying all that wealth.. and the ramifications on future cap in flows...but i guess they think the US is that degraded that people might actually believe China is a safer haven for cap...i say this company survives...but there is a lot of paper out there. 1.7 billion shares

[saigai]

this is gonna be easy money

https://www.scmp.com/news/china/article/3145881/chinas-securities-regulator-signals-willingness-work-us-over-audit#comments

[BottomBounce]

$EDU has Full Time Employees: 69,438

[BottomBounce]

$EDU New Oriental Education & Technology Group Inc. provides private educational services under the New Oriental brand in the People's Republic of China. It operates through K-12 AST, Test Preparation and Other Courses; and Others segments. The company offers test preparation courses to students taking language and entrance exams used by educational institutions in the United States, the People's Republic of China, and the Commonwealth countries; and after-school tutoring courses for middle and high school students to enhance their exam scores, as well as for children to teach English. It also provides language training courses, including English, as well as other foreign languages, such as German, Japanese, French, Korean, Italian, and Spanish; operates a full-time private primary and secondary school in Yangzhou seeking a full curriculum with a focus on English; develops and edits educational materials for language training and test preparation; and offers online education programs that include college, K-12, and pre-school education. In addition, the company offers overseas studies consulting and overseas study tour services. As of May 31, 2020, it offered educational programs, services, and products to students through a network of 104 schools, 1,361 learning centers, and 12 bookstores. The company was founded in 1993 and is headquartered in Beijing, the People's Republic of China.

[saigai]

and this policy will be re thought..because an ngo doesn't solve the problem..charlatans make money in any scheme you propose. you still need big cash...big cash always corrupts but you need it... the goal is over sight and QC metrics...

[BottomBounce]

$EDU Recently China moved to reassure global investors who have been drawn to country’s strong growth, booming tech industry. Securities regulator says future policies will be introduced more cautiously to avoid market volatility.

[saigai]

education reform is sweeping china and innovations and the next big thing are always right behind...so there are many charlatans..theres big big money in these schools because people want the best for their children and will buy just about any educational dream your selling...that is what is really bothering Xi..this is an over reaction....there is tooooooooooo much cap coming into ed for him to turn his back on it even though he is probably right to do so!!!. i jumped in today but i have a lto to say. taught in china for 10 years

[saigai]

the private education business in china is the wild wild west. so many start ups. with the IB programs and international components. this will never be an ngo..they will double back witha regulatory scheme.imo..but they do need to have some metrics of quality control

[BottomBounce]

$EDU New Oriental Education & Technology Group Inc. Provides Update on Regulatory Development
https://www.prnewswire.com/news-releases/new-oriental-education--technology-group-inc-provides-update-on-regulatory-development-301358459.html

[BottomBounce]

$EDU has $6.08 Billion in cash. Under $2 stock

[JohnCM]

With the "non-profit" possibility? No way.

[Tom turtles]

Worth a flip or two for now. Don't get caught holding your ballz

[JohnCM]

There are several companies impacted. This is a roll of the dice like FNMA.

[Tom turtles]

It would probably take awhile for the transaction to go through....if it ever does. Really don't think it will happen

[JohnCM]

If they go "non-profit" stockholders are gone, right?

[JohnCM]

All speculation. DIDI all speculation on what will come down. The education stocks are incredibly vulnerable. VEGAS MONEY ONLY.

[ttottip]

You are right. No perspective here , as long as the education stocks remain non-profit.

[Tom turtles]

Non profit......ok.....July 23rd.....DD helps....hence the drop.....

[Tom turtles]

Why the huge drop from $6.50 to $2 ?

[JohnCM]

As a "non-profit"? As in FNMA? Where would that leave the stock investors?

[ttottip]

But, once it stops, this is gonna fly.

[Tom turtles]

Too much dilution

[ttottip]

Soon this stock will be traded +$3.

[Tom turtles]

What a turd !

[Surfacetite]

Boom!!!!

[Surfacetite]

And beyond.

China needs these tutoring companies because they need the educated workforce.

[ttottip]

2.2's soon.

[Surfacetite]

They did a stock split recently, so that’s why the OS went up.

[Tom turtles]

2 Billion shares outstanding ? Too funny !

[Tom turtles]

Why is this such a pos ? C

[Surfacetite]

ER setback, no biggie.

They got billions in Net cash!!!!!

[BottomBounce]

$EDU Top Institutional Holders
Holder Shares Date Reported % Out Value
Blackrock Inc. 83,842,700 Mar 30, 2021 4.89% 1,173,797,800
Davis Selected Advisers, LP 70,536,201 Mar 30, 2021 4.11% 987,506,814
Schroder Investment Management Group 69,655,877 Mar 30, 2021 4.06% 975,182,278
JP Morgan Chase & Company 60,384,955 Mar 30, 2021 3.52% 845,389,370
Vanguard Group, Inc. (The) 52,408,891 Mar 30, 2021 3.06% 733,724,474
Invesco Ltd. 51,344,073 Mar 30, 2021 3.00% 718,817,022
FMR, LLC 49,394,565 Mar 30, 2021 2.88% 691,523,910
Ubs Asset Management Americas Inc 46,807,387 Mar 30, 2021 2.73% 655,303,418
State Street Corporation 28,912,142 Mar 30, 2021 1.69% 404,769,988
Standard Life Aberdeen PLC 27,260,733 Mar 30, 2021 1.59% 381,650,262

https://finance.yahoo.com/quote/EDU/holders?p=EDU

[BottomBounce]

$EDU 3rd Resistance Point 2.84
2nd Resistance Point 2.69
1st Resistance Point 2.52
Last Price 2.21

[BottomBounce]

lOADING ZONE $EDU

[BottomBounce]

$EDU neworiental.org

[BottomBounce]

up we go

[Surfacetite]

Load up peeps.

[TradeSmart.ai]

Wow!!! Niceeeee $EDU

[BottomBounce]

$EDU New Oriental Education Hold From Buy by Daiwa Capital >EDU

[BottomBounce]

$EDU The 25 analysts offering 12-month price forecasts for New Oriental Education & Technology Group Inc have a median target of 9.20, with a high estimate of 23.55 and a low estimate of 2.10. The median estimate represents a +288.19% increase from the last price of 2.37. https://money.cnn.com/quote/forecast/forecast.html?symb=edu

[BottomBounce]

$EDU The 25 analysts offering 12-month price forecasts for New Oriental Education & Technology Group Inc have a median target of 9.20, with a high estimate of 23.55 and a low estimate of 2.10. The median estimate represents a +288.19% increase from the last price of 2.37. https://money.cnn.com/quote/forecast/forecast.html?symb=edu

[BottomBounce]

$EDU Total Cash (mrq) $6.08B

[BottomBounce]

$EDU Total Debt (mrq) 2.02B

[Surfacetite]

This stock has fabulous volume.

[TradeSmart.ai]

Watching for this week as well $EDU

[Surfacetite]

New Oriental to Report Fourth Quarter 2021 Financial Results on August 3, 2021

Source: PR Newswire (US)
BEIJING, July 19, 2021 /PRNewswire/ -- New Oriental Education and Technology Group Inc. (the "Company" or "New Oriental") (NYSE: EDU/ 9901.SEHK), the largest provider of private educational services in China, today announced that it will report its financial results for the fourth quarter ended May 31, 2021, before the U.S. market opens on August 3, 2021. New Oriental's management will host an earnings conference call at 8 AM on August 3, 2021, U.S. Eastern Time (8 PM on August 3, 2021, Beijing/Hong Kong Time). Participants can join the conference using the below options:

[Surfacetite]

Nice!

[LexTrader]

Looking stronger now