EDU is doing well today
(2007-12-03 20:51:34)
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EDU is back to 83ish today. Days ago, it went down from 92 to low 60's. What a discount price! The good thing is that I sold some stocks in Sister's retirement account (for about 10% loss since started in the middle of market down trend) and bought in EDU around $66. EDU is up more than 25% since then.
Unit price wise, EDU passed LFC and USO today. USO closed below 70 and LFC closed at about 82. I still think long term wise, EDU would outperform LFC and USO. I used those three as comparision because at one time when I decided to accmulate EDU, EDU, USO and LFC were traded at about the same price. So I am always interested in the comparasion of the unit price of those three stocks to see which one is going to outperform.
EDU looks like has great earning potential. Two big things in near future of EDU will expend their earning ability greatly. Gao-kao (college entrance examination) and Pre-elementart school education. The former adds more strength of their core business and the later seems to be another brand new area in Chinese private education. Can EDU double or even tripple in 3 to 5 years. Currently EDU is a about $3 billion company, and in my opinion, they can become a $10 billion company in maybe 5 years.