Why Is Everyone Talking About New Oriental Education Stock?
New Oriental Education (NYSE: EDU) has been one of the most talked about Chinese stocks in recent months. The stock was once considered a top investment in China's booming private education market, but the government's abrupt crackdown on the entire sector erased nearly 90% of its market value over the past three months. Let's take a look back at New Oriental Education's history, why it incurred the wrath of China's regulators, and if its battered stock will ever recover.
New Oriental Education was founded 28 years ago. It was the first Chinese education company to go public in America in 2006, and is still one of the sector's largest players in terms of total students and annual revenue.
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