Educational Development Corporation (EDUC)

[value1008]

Just to nuance one of your points, Uglytuco-- you expressed it as " the sales team thinks they will do $300M" (emphasis added). Actually, here's the quote from the conf. call:

"The field people, this is not my forecast, but I am telling you the people in the field think that we can do $300 million this year. Did you hear that? I didn't forecast that, that is a forward-looking statement, and if you talk to people in the field that is what they expect this year because the market is there. There seems to be the insatiable appetite for the products and almost never ending supply of people who want to join and sell them."

Obviously, EDUC can and will do $300M in revenues in FY 2018 only if they can logistically supply all the books on time and pay all the sales reps.

Yes, it's a "nice problem to have"-- all that growth-- but it's still a problem for the bottom line if logistics are still a problem.

Btw, does anyone know if Maj Soueidan and his rigorous GeoInvesting team are still in EDUC (they were as of last Aug. 2016) or have they sold out? (One needs to be a paid subscriber to see their research).