QUOTE AND NEWS
Benzinga  Oct 29  Comment 
CenturyLink, Inc. (NYSE: CTL) and Alcatel-Lucent (Euronext Paris and NYSE: ALU) today announced that CenturyLink, the third largest telecommunications company in the U.S., has deployed the 7950 Extensible Routing System (XRS) to meet the growing...
TheStreet.com  Oct 21  Comment 
NEW YORK (TheStreet) -- Shares of TAL Education Groupa were falling 8% to $31 Tuesday after reporting its fiscal second quarter results and guiding below analysts' estimates for the fiscal third quarter. For the fiscal second quarter the Chinese...
SeekingAlpha  Oct 21  Comment 
By SA Transcripts: TAL Education Group (NYSE:XRS) Q2 2015 Results Earnings Conference Call October 21, 2014 8:00 AM ET Executives Mei Li - Investor Relations Joseph Kauffman - Current Chief Financial Officer Rong Luo - New Chief...
newratings.com  Oct 21  Comment 
BEIJING (dpa-AFX) - TAL Education Group (XRS), a leading K-12 after-school tutoring services provider in China, reported that its net income attributable to the company for the second quarter of fiscal year 2015 ended August 31, 2014 increased...
SeekingAlpha  Oct 1  Comment 
By ONeil Trader: TAL Education (NYSE:XRS) has been a strong performer in the last two years, rising from just $9 in early 2013 to $35 in September 2014. The move was the consequence of accelerating revenue growth and meaningful margin expansion...
DailyFinance  Sep 12  Comment 
Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of XRS Corporation (“XRS” or the “Company”) (Nasdaq: XRSC) relating to the proposed acquisition by...
DailyFinance  Sep 3  Comment 
Rigrodsky & Long, P.A.: Do you own shares of XRS Corporation (NASDAQ CM: XRSC)?Did you purchase any of your shares prior to September 2, 2014?Do you think the proposed buyout price is too low?Do you want to discuss your rights?Rigrodsky ...
Bulk Transporter  Sep 3  Comment 
Omnitracs LLC, a provider of fleet management solutions to transportation and logistics companies, announced September 2 that it has agreed to acquire XRS Corporation, a supplier of mobile fleet optimization software. Subject to the terms and...
DailyFinance  Sep 2  Comment 
Levi & Korsinsky is investigating the Board of Directors of XRS Corporation (“XRS” or “the Company”) (NasdaqCM: XRSC) for possible breaches of fiduciary duty and other violations of state law in connection with the...
Wall Street Journal  Sep 2  Comment 
Fleet-management software company Omnitracs LLC agreed to acquire XRS Corp. for $178 million, expanding the privately held firm's presence in fleet management and compliance technology.




 
TOP CONTRIBUTORS

TAL Education Group (NYSE:XRS) is the largest Chinese after-school tutoring service by revenue. The company tutors students in grades K-12 in the core academic subjects such as mathematics, English, Chinese, physics, chemistry and biology. The tutoring services are administed through small classes, one-on-one, and online courses with varying fees associated with each. The company operates 109 learning centers and 87 service centers across China, but primarily in Beijing, Shanghai, Shenzhen, Guangzhou, Tianjin, and Wuhan.[1]

The company hopes to take advantage of the rise of China's middle class and the general increased interest in education to foster continued growth. The company has managed to increase its enrollment size from 68K in 2008 to 383K in 2010.[1] In addition, the tutoring market in China is highly fragmented. There is not individual player which makes up more than 1% of the market share. TAL Education hopes to take advantage of this fragmentation by growing without facing any unified competitors.[2]

The company's initial public offering of stock on the NYSE occurred on October 19, 2010. The company offered 12M shares each for $10. This was at the high high end of the initial price range of $8-$10. The IPO raised a total of $120M. The lead underwriters of the deal were Credit Suisse Group (CS) and Morgan Stanley (MS).[3]

TAL Education has been able to grow its revenues over the past 3 years. In 2008, it reported total revenue of $8.9M, and in 2010, it reported $70M in total revenue. The company has been able to increase net income as well. In 2008, its Net Income figure was $1.5M, while in 2010, it reported $14M.[4]


References

  1. 1.0 1.1 XRS 2010 F-1 Prospectus Summary "Our Business" p.1
  2. XRS 2010 F-1 Prospectus Summary "Market Opportunity" p.2
  3. Renaissance Capital - IPO Home "TAL Education prices IPO at $10, at the high end of the range" 20 Oct 2010
  4. XRS 2010 F-1 Prospectus Summary "Summary Consolidated Financial Data and Operating Data" p.10
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki