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  "documentTitle": "New Oriental Education & Technology Group (EDU)",
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      "text": "This report shows Hsieh’s statements are patently false – EDU has numerous franchisees.",
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      "text": "EDU has reported 392% revenue growth... EDU uses the upfront franchise and other fees to inflate its cash balances... EDU's Beijing operation... has prepared financial statements for 2009-2011 are fraudulent... EDU's corporate structure is far more problematic...",
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      "text": "Company: New Oriental Education & Technology Group (NYSE: EDU)\nIndustry: Education\nRecommendation: Strong Sell\nReport Date: July 18, 2012\nPrice: $14.62\nMarket Cap: 2.26 billion\nFloat: 117.1 million\nAvg Volume: 1.14 million",
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