Friday Morning Education (EDU)

EDU was up 10.76% or $8.14 to $83.79 on volume 178% larger than the 50-day average. The stock is now up 127% since its debut on the blog on February 6, 2007 at $36.93.

I consider New Oriental Education (EDU) one of the most consistent finds in 2007 as the up-trend has been so smooth while continuously making new all-time highs.


The stock was up due to coverage initiated by William Blair (they rated the stock outperform).

The stock still has room to grow but listening and waiting for many of the talking heads of Wall Street (to give their analysis) will usually get you to the party LATE!

Upgrade and Downgrade History:
19-Oct-07: William Blair; Initiated Outperform
21-Aug-07: Jefferies & Co.; Initiated Hold
14-Jun-07 Susquehanna Financial; Initiated Positive
7-Jun-07 Brean Murray; Initiated Buy
7-Mar-07 CIBC Wrld Mkts; Upgrade Sector Perform to Sector Outperform
21-Nov-06 CIBC Wrld Mkts; Initiated Sector Perform
19-Oct-06 Piper Jaffray; Initiated Market Perform

I give nice props to CIBC World Markets as they first covered the stock last November (near $30) at Market Perform and then upgraded the stock in March as it traded in the $30-range to Sector Outperform. Piper Jaffray also gets props for being the first firm to initiate coverage (long before I was covering the stock).

As for William Blair, where have you been for the past 8-12 months?

EDU, New Oriental Education, Added on 2/6/07 at $36.93, +127%

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