Transaction log

  • Jul 26, 2021 - Bought 200 @ $2.34 (0.35% wtg, speculative)

  • Apr 8, 2022 - Stock split, 1-for-10 (20 shares, 0.14% wtg)

  • Sep 5, 2023 - Upgraded to opportunistic

  • Oct 5, 2023 - Bought 10 @ $58.97 (30 shares, 1.20% wtg)

New Oriental Education & Technology

Location: Beijing, China

 

Profile

Industry: Education & training services

Sector: Consumer defensive

Theme: Emerging markets consumer

5-Year shareholder growth: +14.7%/year

Estimated fair value: $100

Valuation assumption: 5.0% MFCF yield

History
New Oriental sells off 23% on decent Q2 earnings
New Oriental sells off 23% on decent Q2 earnings

Chinese tutoring firm New Oriental failed the market test as its stock sold off sharply after reporting Q2 earnings. If we’re grading on a curve, however, EDU easily deserves a passing grade. As for valuation, it gets a solid “A.”

Selling 5 equity stakes, adding to 4
Selling 5 equity stakes, adding to 4

Introducing Coffee Can rule #19: Water the flowers, pull the weeds. [trades]

Is China as grim as the headlines?
Is China as grim as the headlines?

“At the company level, China’s economy looks markedly better than the headlines,” says veteran retail analyst John Zolidis.

Upgrading New Oriental Education from Speculative to Opportunistic.

Buying Chinese stocks on crackdown news
Buying Chinese stocks on crackdown news

China’s private tutoring industry has taken the brunt of government crackdowns. Are we at the point of maximum pessimism? [trades]