TRI Stock of the Day (EDU)
July 8, 2008
New Oriental Education (edu) traded up 7.26% to close at $61.75/share. New Oriental carries a rich PE of 49 but has a 48% E growth rate. Also its worth mentioning that New has had a problem meeting earnings expectations in the past. New oriental is a Chinese ADR and provides educational services to its customers. In fiscal 07 the company reported revs of 136M. The 2 year return on the stock is around 130% with the majority of that being achieved in the first year.
