Michael Yu Minghong’s New Report Card

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All right, New Oriental announced the fiscal 2007 Q2 report today. Here is the report. It seems they are doing well. Some highlights include 33% YoY reveneue growth (beat est. 20%). “The growth was mainly driven by the increase in the number of student enrollments in language training and test preparation courses.” 

I imagine people just can not get enough English classes (spoken English, business English, kids English), and all kind of testings (IT, law, graduate school admission, in addition to traditional TOEFL/GRE/ACT/SAT).   


  1. You cracked me up with your subject line as a side note. 🙂

    Although the demand remains high, the competition is pretty tough too. In addition, the barrier to entry exists and however is relatively low comparing to other industries.
    On a confident/joyful note, I can open up a class myself. 🙂

    Similar to what we discussed on those marketing Ps…promotion/promotion/promotion and maintaining that brand loyalty is indeed paramount.

  2. Awesome!
    Major may charge me a commission though. Now he is into this “Elite” english thing…evidenced by those shares he just bought.

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