Long Position on TAL @ $58.30 on 3/4/2020 (Momentum)

TAL Education Group (TAL) provides K-12 after-school tutoring services in the People's Republic of China.

The company offers tutoring services to K-12 students covering various academic subjects, including mathematics, physics, chemistry, biology, history, geography, political science, English, and Chinese. It also provides tutoring services primarily through small classes under the Xueersi, Mobby, and Firstleap brand names; personalized premium services under Izhikang name; and online courses.

In addition, the company operates jzb.com, an online education platform that serves as a gateway for online courses offered through xueersi.com; and other Websites for specific topics and offerings, such as college entrance examinations, high school entrance examinations, graduate school entrance examinations, preschool education, and raising infants and toddlers, as well as mathematics, English, and Chinese composition.

Further, it operates mmbang.com and the Mama Bang app, an online platform focusing on children, baby, and maternity market; and provides consulting services for overseas studies under the Shunshun Liuxue name, as well as tutoring services for students aged two through twelve under the Mobby brand.

Additionally, the company offers education and management consulting, investment management and consulting services; develops and sells software and networks, as well as related consulting services; and sells educational materials. As of February 28, 2019, its educational network included 676 learning centers and 499 service centers in 56 cities.

On January 30th, Tal Education reported 3rd Quarter November 2019 earnings of $0.05 per share on revenue of $862.4 million.. Revenue grew 47.2% on a year-over-year basis.

The company said it expects fourth quarter revenue of $959.1 million to $980.9 million. Shares are headng higher in an upward trading channel. 

Entry Point: $58.30

Trding Range: $30.78 to $59.76

Stop Loss: $55.00

Target Price: $64.15

Updates

6/1/2020 12:21:09 PM

TAL closed at $60.58

Position closed on 6/1/2020 at price of $60.58 with a 3.91% gain in 89 days.

Back to Portfolio