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Wall Street loved the latest earnings update from management.
On the surface, New Oriental Education has performed worse than peers with larger revenue declines and is one of the only companies to hold any long-term debt. However, the way they positioned themselves after the regulatory crackdown in the People's Republic of China, they're set to outperform in the longer run.
New Oriental Education & Technology Group Inc. (NYSE:EDU ) Q4 2022 Earnings Conference Call July 27, 2022 8:00 AM ET Company Participants Sisi Zhao – Director-Investor Relations Stephen Yang – Executive President and Chief Financial Officer Conference Call Participants Mark Li – Citi Felix Liu – UBS Liping Zhao – CICC Tian Houon – T.H. Capital, LLC Lucy Yu – Bank of America Elsie Sheng – Morgan Stanley Operator Good evening and thank you for standing by for New Oriental's FY2022 Fourth Quarter Results Earnings Conference Call.
New Oriental Education & Tech Grp (NYSE: EDU) shares are trading lower by 7.25% to $22.08 during Monday's trading session. Shares of several Chinese companies at large are trading lower amid a resurgence in COVID cases which has caused the closure of Macau casinos.
New Oriental Education (EDU) stock is on the rise again Wednesday as shares of the stock have been trending higher lately. The post Why Is New Oriental Education (EDU) Stock Up Again Today?
A glowing note from an analyst put some real zip in the Chinese company's shares.
There are some investors who buy U.S.-listed stocks that are trading below their liquidation value because they believe there is a lot to gain in these stocks after the market reprices shares to near or above their liquidation value.