Noah Education (NED): a must take for my July investment July 17, 2008Posted by deminvest in China stock, growth stock, Internet stocks, investment, nasdaq, Nasdaq stock, NED, Noah Eduication, Single stocks, stock I own, stocks.
This high growth Chinese company provides on-line and offline interactive, multimedia learning materials to Chinese students.
Noah Education is growing fast and well and it is dirt cheap:
Trailing P/E: 9.91, Forward P/E: 1.55 from yahoo finance. Those numbers tell us how much earnings are expected to grow and how cheap this growth stock is.
NED’s cash is amazing (Total Cash:150.08M) if compared to its market cap: 214.29M. The reason why we see those unbelievable numbers is the fact that the company went public in November 2007 at $20 just before World market’s collapse. Noah Education shares are now worth around $5.