EDU which we first bought Sept 13 and enjoyed a quick run from 22 to 28 and then again from 22 for another recent trip announced profits that had doubled this Q . It seemed it would be hard to get a read as Q numbers are not readily available and other factors such as no coverage yet but .73 per ADS/.18c cents seems like a very good number(21m in net), is this really in US dollars and not RMB's?. Revenue of 54m(+31%)this Q...EDU did 96mln for all of last year in a transition year. Operating margins grew to 42% from 29%. Growth anticipated at 16.5-24.4% YOY next Q....not too shabby it seems.. but CC (analysts too) and the market will tell us what to do and figure out how fast EDU is growing.
http://djmarkets.squarespace.com/journal/2006/9/13/edu-entry-at-22.html Sept 13 intro to EDU
The market said no...it doesn't matter if you triple profits, the market news will have the upper hand. We've stated our position the last couple of days(mostly cash) and EDU won't make us jump back in as the market conditions don't warrant much new money to be deployed. As per MC trying a trade with ACOR to keep busy and look for a breakout, if not its just a trade.CETV is one breaking the trend a bit today... we mentioned yesterday needing volume
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