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down 99.95 %

CHINACAST EDUCATION (CAST) rated Buy with price target $7 by Brean Murray

Posted on: Wednesday,  Apr 2, 2008  8:25 AM ET by Brean Murray

Brean Murray rated Buy CHINACAST EDUCATION (OTCBB: CAST) on 04/02/2008. Previously Brean Murray rated Buy CHINACAST EDUCATION (OTCBB: CAST) on 02/27/2008.,
when the stock price was $5.52. Since then, CHINACAST EDUCATION has lost 99.95% as of 05/21/2015's recent price of $0.00.
If you would have followed the previous Brean Murray's recommendation on CAST, you would have lost 99.95% of your investment in 2640 days.

ChinaCast Education Corporation (CEC) is an e-learning and training services provider in the Peoples Republic of China. The Company provides e-learning education services via its nationwide satellite broadband network and traditional bricks and mortar schools to post-secondary educational institutions, K-12 schools, government agencies and corporate enterprises. These services include interactive distance learning applications, multimedia education content delivery, vocational/career training courses and English language training through its Daily English Language training centers. The Company operates in two business segments: the E-learning and training service group (ELG) and the Traditional University Group (TUG), offering bachelor and diploma programs to students in China. On April 11, 2008, the Company completed the acquisition of 80% of Hai Lai Education Technology Limited (Hai Lai), which holds 100% of Foreign Trade Business College of Chongqing Normal University (FTBC).

Our equity research department is focused on fundamental analysis across the universe of over 200 small/mid cap stocks in our five target sectors. We are committed to providing proprietary action-oriented research to our institutional clients. Small cap growth focus. Our primary area of concentration is growth stocks with market capitalization of $200 million to $5 billion. Global perspective. We are covering U.S. listed stocks for companies domiciled in the U.S., China, Europe and Latin America, with our biggest concentration in the US and China. We were one of the first banks to aggressively expand our research to China and we believe we created one of the premier research franchises in small cap, U.S. listed Chinese companies to complement our strong domestic coverage. Disciplined stock selection. Our research analysts are focused on performing extensive bottoms up due diligence on companies under our coverage by leveraging their industry and management contacts. By combining our bottoms up work with our sector views we seek to generate a consistent flow of high conviction ideas for our clients. Diversified coverage. Our areas of expertise include technology, consumer, healthcare, resources and China small cap. We provide our clients with company-specific as well as sector-specific research across our target sectors.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/2/2008 8:25 AM Buy
4.42 7.00
as of 12/24/2008
1 Week down  -3.00 %
1 Month up  27.21 %
3 Months up  49.80 %
1 YTD up  52.75 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/27/2008 9:25 AM Buy
5.52 9.00

(*) Stock Price at the time of the recommendation.
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