Noah Education Holdings Ltd. (NED)

[HokieHead]

NED has been caught in the "quiet period" doldrums. According to the SEC filings it ends 11/13, this Tuesday. Company may put some PR's out then.

Noah Education Holdings' revenues have increased from $25.2 million in fiscal '05 to $49.10 million in fiscal '06 with a current $72.8 million posted in fiscal '07. Gross profit %-wise rose from 13.9% to 21.8% and 35% , fiscal '05,'06 '07 respectively.

They are announcing Q1 results on the 19th. I am expecting great numbers, great guidance, and the stock to be around $20 by the 19th. As EDU stated, the 1st quarter is their strongest quarter which will probably be the same with NED.

Revenues were up 95% from 05 to 06 and 48% from 06 to 07. If they guide revenues for 2008 say only 40% higher (I am being conservative), that would put revenues in the $102 million area giving NED a PS ratio of 4 versus EDU's 17.

Since NED's revenues/earnings are growing equal to or higher than EDU, it deserves a similar PS ratio which would be a $45-$50 price per share.

NED has a lot of upside imo.