Hartcourt Companies (fka HRCT)

[mmayr]

Well, it's really not a cash cow. Most of the managers are compensated in shares and the share price has done nothing but go down. . .for years. But they are still alive, amazingly.

Their focus has now changed to vocational education (or more appropriately, has become focused in that direction). I posted something a couple of years ago (I can't believe time has gone by so fast!). . .from a fellow student at UC. They said there were no profits in this particular segment of the education system in China. It turns out they made the appropriate assumption.

Isn't it interesting that the same familiar names keep making their way back onto the Proxy? The same ingenuity that took HRCT from 15.00+ per share to 3 cents (okay, six cents if you remove that silly 2-1 split to make shares less expensive for the people in Hong Kong [supposedly]).

Cash cow? I don't think so.

Peace,