June 16, 2017

TAL Education Group

We feel BEARISH on the markets.

“It’s waiting that helps you as an investor, and a lot of people just can’t stand to wait.” – Charlie Munger
TAL (ISIN: US8740801043 )

TAL Education Group is a holding company for a group of companies engaged in provision of after-school tutoring programs for primary and secondary school students in the People's Republic of China (the PRC).          

Market: NYSE

http://en.100tal.com/


Gain over the quarter: +21.7 % 


Fair value: $ 125
Discount: 7%
Average yearly return: 61%
Yield: N/A
Outperformer

On May 15, 2017:
TAL Education Group Announces Completion of the Put Right Offer for Its 2.50% Convertible Senior Notes due 2019

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