Top China ADR Portal

China ADR stock research

Don't take Muddy Waters lightly

E-mail Print PDF

watch_out July 20, 2012 (Chinavestor) What does it to take down New Oriental Education (NYSE:EDU), the largest Chinese company from the education sector? Muddy Waters alleged New Oriental Education (NYSE:EDU) of cooking books. The stock tumbled over 30% this Tuesday and traded lower the following day, but recovered 18% yesterday as bargain hunters stepped in.

But investors should not take Muddy Waters lightly. The company took down Sino Forest, a large Chinese listing with market cap similar to that of New Oriental Education (NYSE:EDU) in Toronto. And that Chinese education companies are not prone to cooking books, investors have to remember what happened to China Education Alliance (NYSE:CEU) or ChinaCast Education (NASDAQ:CAAS) as late as last month.

CAST_20120626

 



If you like us, spread the word to the fellow investors on your favorite Social Bookmarking websites
Reddit! Del.icio.us! Mixx! Free and Open Source Software News Google! Live! Facebook! StumbleUpon! TwitThis Joomla Free PHP
 

!!! CHINAVESTOR.COM is for SALE !!!

BUY this domain with all its credentials. Chinavestor.com has been added to Google News and Finance since 2008! Huge web traffic upside potential! Website is optimized for Chinese stocks but can easily be tweaked. Contact Seller Here

sale1
G_news
Check out The Benefits of Getting into Google News!