Motley Fool runs a commentary on stocks and shares the others ignore. Take Noah Education as an example. First it runs what I would call a testimonial:
stocksasia1, who introduced us to Noah almost exactly one year ago: ‘As an international educator who teaches in China every summer, I can assure you that the best education possible is the number one goal for middle and upper-class students. … Noah Education and New Oriental Education both cater to students but with different objectives. Noah is targeting the K-12 community while New Oriental, with the exception of its summer camp program, targets mainly college and Senior High (10, 11, and 12) students.’
Did not clearly understand it but will go with that.
Then KSB47 writes: ‘In China, (one-child policy) children are raised to be as successful as possible because they will be responsible for taking financial care of their parent’s later in life. There are currently 291 million children between the ages of 5-19, Noah’s target audience. Noah is the ONLY interactive educational company to partner with China’s Ministry of Education. With over 30,000 course titles, Noah is very well positioned to capitalize on the necessity (not need) for higher learning.’
One comment is that the stock price is less than cash. And it seems to be true. Noah’s SEC filings confirm Noah has the equivalent of about $150 million in the bank — not bad for a stock priced under $120 million.
In the fiscal year ending June 2007, Noah cranked out $4.7 million in free cash flow. There are still a lot of doubts voiced but at least the figures look good.
Source: Motley Fool
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