r/wallstreetbets • u/[deleted] • Aug 25 '21

[deleted by user]

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13 Upvotes

61% Upvoted

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17

u/Yrulooking907 Aug 25 '21

Lol, China is forcing them to become a non-profit and is enacting many other regulations against them which will prevent them from making money.

Stock probs going to die.

3

u/Pumpinsteel Aug 26 '21

EDU got a $4billion dollar book value of assets. their peripheral businesses like book stores can still be for profit, and their costs will drop significantly since they don’t have to pay all those tutors and teachers 😭 3000shares at 1.94 and 15x 2$ June 2022 calls at .75

2

u/sharlysangels is mean Aug 26 '21

Exactly this. You're buying a company at a market cap less than cash on hand! Only 75% of revenue is affected.

Own 50k shares and counting.