Seeking Alpha is the premier website for actionable stock market opinion and analysis, and vibrant, intelligent finance discussion. In contrast to other equity research platforms, insight is provided by investors and industry experts rather than sell-side analysts. This is an article by a Seeking Alpha author on Education Development Corporation, the MLM distributor for Usborne Books. He says Educational Development Corporation Is A Hyper Growth MLM Without The Baggage.
Summary
The company is currently increasing sales agents by over 50% each quarter. Sales this quarter should be more than double last year’s quarter.
The majority of sales are through multi-level marketing. The MLM system used does not have the abuses other MLMs have. Also the product is much better.
Based on my earnings estimate of $0.70-$0.85 for the FYE February 29, 2016, the stock is trading at