Tag Archive for educational development corp

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EDC Is A Hyper Growth MLM Without The Baggage.

by Ramya Chandrasekaran • November 8, 2015 • 0 Comments

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

Hot Business News Today

Educational Development Corp Reports Record Gains

by Ramya Chandrasekaran • October 8, 2015 • 0 Comments

Randall White, CEO, Educational Development Corporation today announced record net revenues for the fiscal quarter and six months ended August 31, 2015.
Net revenues for the quarter ended August 31, 2015, were a Company-record $12,606,800 when compared to $6,808,200 for the same quarter last year, up 85%. Net earnings were $644,400 compared to a $3,900 net loss last year.
Net revenues for the home business division, Usborne Books & More were up 152% for the second quarter of fiscal year 2016, compared to the same period in fiscal year 2015. The net revenue gain was primarily driven by new sales associates joining our organization in this quarter, 4,800 compared to 2,300 in the second quarter last year, an increase of 107%. The net sales increase continued in September with sales of this division up