Replies to post #6469 on China Trading Stocks

[hebercreeper]

ZA: Retail sentiment towards this one is at rock bottom so we could be close.

[hebercreeper]

ZA: Columbia Pacific/Lake Union connected at the hip somewhat? They sold together with CEDU off market transaction.

http://www.streetinsider.com/Conference+Calls/ChinaEdu+(CEDU)+Enters+5.18M+Common+Private+Placements/8011928.html

"ChinaEdu Corporation (Nasdaq: CEDU) has entered into definitive agreements with Columbia Pacific Advisors, LLC, Lake Union Capital Management, LLC and New Vernon Investment Management LLC, pursuant to which ChinaEdu will repurchase 5,175,456 American Depositary Shares (the "ADSs") in the aggregate, each representing three (3) ordinary shares of ChinaEdu, at a purchase price of $5.60 per ADS (or $1.87 per ordinary share) for a total purchase price of approximately $29 million through privately negotiated transactions, subject to obtaining necessary financing by the Company."

I suppose it's nice to be able to explain this massive seller (Lake Union). Given their position size, who knows when they'll be done.

Perhaps someone in contact with ZA could plant a seed:)

Buyback + dividend might be pushing it.