Corpus coverage

319,975 slides

319,974 are described (100%), so the treemap can explain the corpus instead of just counting files.

Total slides
319,975
Described
319,974
Pending
1

Slide type composition

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Slide type

Showing 319,974 described slides — 100.0% of 319,975 rendered pages

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Slide collection

116,761-116,820 of 319,975

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01
Slide 1
This is a classic Muddy Waters short-seller research note cover page.New Oriental Education & Technology Group (EDU) · Carson Block
Research note Short seller Beat · The Call to Action1 hit
02
Uses a quote from The Wire to frame the contradiction between the CFO's public statements and the reality of the franchise model.New Oriental Education & Technology Group (EDU) · Carson Block
Research note Short seller Beat · The Call to Action1 hit
03
The slide uses a 'gotcha' transcript to frame the subsequent fraud allegation.New Oriental Education & Technology Group (EDU) · Carson Block
Research note Short seller Beat · The Call to Action1 hit
04
This is a page from a short-seller research report (Muddy Waters style).New Oriental Education & Technology Group (EDU) · Carson Block
Research note Short seller Beat · The Call to Action1 hit
05
This is a page from a Muddy Waters research report on New Oriental Education (EDU).New Oriental Education & Technology Group (EDU) · Carson Block
Research note Short seller Beat · The Alleged FraudLoop · Pattern Hunter1 hit
06
The slide combines a full table of contents with the beginning of Section I.New Oriental Education & Technology Group (EDU) · Carson Block
Research note Short seller Beat · The Alleged FraudLoop · Pattern Hunter1 hit
07
The slide is a screenshot of a webpage from pop.xdf.cn detailing the franchising process.New Oriental Education & Technology Group (EDU) · Carson Block
Research note Short seller Beat · The Alleged FraudLoop · Pattern Hunter1 hit
08
The slide contrasts a formal process flow with informal, potentially contradictory statements from an employee.New Oriental Education & Technology Group (EDU) · Carson Block
Research note Short seller Beat · The Alleged FraudLoop · Pattern Hunter1 hit
09
Includes direct quotes from franchise sources and specific financial terms (RMB 600k-1M license fees, RMB 80k training fees, RMB 100k deposit).New Oriental Education & Technology Group (EDU) · Carson Block
Research note Short seller Beat · The Alleged FraudLoop · Pattern Hunter1 hit
10
The slide uses direct quotes from Louis Hsieh to challenge the company's narrative regarding store growth and franchising.New Oriental Education & Technology Group (EDU) · Carson Block
Research note Short seller Beat · The Alleged FraudLoop · Pattern Hunter1 hit
11
This is a research note from a short-seller report (likely Muddy Waters or similar) alleging accounting fraud.New Oriental Education & Technology Group (EDU) · Carson Block
Research note Short seller Beat · The Alleged FraudLoop · Pattern Hunter1 hit
12
The slide discusses the structural and regulatory challenges of NRRR schools, including ownership rights, MOE/CAB oversight, and the tax status of EDU's Beijing operations.New Oriental Education & Technology Group (EDU) · Carson Block
Research note Short seller Beat · The Alleged FraudLoop · Pattern Hunter1 hit
13
The slide argues that EDU is subject to EIT based on tax regulations and direct inquiries, contradicting their financial reporting.New Oriental Education & Technology Group (EDU) · Carson Block
Research note Short seller Beat · The Alleged FraudLoop · Pattern Hunter1 hit
14
The slide highlights a discrepancy between the reported 'Other Expenses' (which should be 25% for EIT) and the actual reported figures (less than 1%), implying the entity is falsely claiming tax-exempt status.New Oriental Education & Technology Group (EDU) · Carson Block
Research note Short seller Beat · The Alleged FraudLoop · Pattern Hunter1 hit
15
The slide presents a forensic accounting argument regarding potential misrepresentation of franchise consolidation and tax exemptions in SEC filings.New Oriental Education & Technology Group (EDU) · Carson Block
Research note Short seller Beat · The Alleged FraudLoop · Pattern Hunter1 hit
16
This page is part of a research note investigating potential financial irregularities at EDU, specifically focusing on franchise reporting and subsidiary revenue discrepancies.New Oriental Education & Technology Group (EDU) · Carson Block
Research note Short seller Beat · The Alleged Fraud1 hit
17
The slide uses a dual-axis line chart to contrast EDU's rising revenue against the declining revenue of its subsidiaries (Hewstone & Decision).New Oriental Education & Technology Group (EDU) · Carson Block
Research note Short seller Beat · The Alleged Fraud1 hit
18
The slide uses two line charts to demonstrate that online user growth is flat despite massive growth in the underlying market and in-person enrollments.New Oriental Education & Technology Group (EDU) · Carson Block
Research note Short seller Beat · The Alleged Fraud1 hit
19
Includes a table of historical operating metrics and a Google Trends line chart showing declining traffic.New Oriental Education & Technology Group (EDU) · Carson Block
Research note Short seller Beat · The Alleged Fraud1 hit
20
The slide uses specific case studies (CCME, DGWIY) to illustrate the ease of defrauding auditors in the Chinese market.New Oriental Education & Technology Group (EDU) · Carson Block
Research note Short seller Beat · The Alleged FraudLoop · Cost Of Inaction1 hit
21
The slide uses specific examples of obstruction and financial reporting to build a case for fraud, referencing Muddy Waters' research.New Oriental Education & Technology Group (EDU) · Carson Block
Research note Short seller Beat · The Struggle to Uncover the TruthLoop · Cost Of Inaction1 hit
22
The slide uses a narrative about a BOC scheme to frame the argument that EDU's decreasing audit fees despite company growth are suspicious.New Oriental Education & Technology Group (EDU) · Carson Block
Research note Short seller Beat · The Struggle to Uncover the TruthLoop · Cost Of Inaction1 hit
23
The slide uses a highly unconventional, provocative tone, blending financial analysis with pop culture references to allege potential obfuscation of share ownership.New Oriental Education & Technology Group (EDU) · Carson Block
Research note Short seller Beat · The Struggle to Uncover the TruthLoop · Cost Of Inaction1 hit
24
The slide uses a narrative structure to link geopolitical pressure with questionable financial decisions by the company.New Oriental Education & Technology Group (EDU) · Carson Block
Research note Short seller Beat · The Struggle to Uncover the TruthLoop · Cost Of Inaction1 hit
25
The slide uses a table to demonstrate that dividends are funded by capital raises rather than operational cash flow, supporting a fraud-preemption thesis.New Oriental Education & Technology Group (EDU) · Carson Block
Research note Short seller Beat · The Struggle to Uncover the TruthLoop · Cost Of Inaction1 hit
26
The slide serves as a disclosure of the hostile environment faced by the researchers, framing the company's actions as part of a broader pattern of fraud and suppression.New Oriental Education & Technology Group (EDU) · Carson Block
Research note Short seller Beat · The Struggle to Uncover the TruthLoop · Cost Of Inaction1 hit
27
The slide uses a narrative-heavy format to expose corporate governance risks and fraud in Chinese companies, specifically targeting EDU's VIE structure.New Oriental Education & Technology Group (EDU) · Carson Block
Research note Short seller Beat · The Struggle to Uncover the TruthLoop · Cost Of Inaction1 hit
28
The slide uses a diagram to illustrate the structural difference between a standard company and a VIE, and uses a quote from a BIDU prospectus to contrast with EDU's lack of control.New Oriental Education & Technology Group (EDU) · Carson Block
Research note Short seller Beat · The Struggle to Uncover the TruthLoop · Cost Of Inaction1 hit
29
The slide uses a comparative analysis to expose the risks in EDU's corporate structure relative to the industry standard (BIDU).New Oriental Education & Technology Group (EDU) · Carson Block
Research note Short seller Beat · The Struggle to Uncover the TruthLoop · Cost Of Inaction1 hit
30
The slide compares BIDU's structure with EDU's, highlighting that EDU's pledges are cosmetic and lack legal teeth.New Oriental Education & Technology Group (EDU) · Carson Block
Research note Short seller Beat · The Struggle to Uncover the TruthLoop · Cost Of Inaction1 hit
31
The slide uses a skeptical tone to challenge the market perception of EDU's pricing power and competitive advantage.New Oriental Education & Technology Group (EDU) · Carson Block
Research note Short seller Beat · The Struggle to Uncover the Truth1 hit
32
The slide uses a bar chart to compare EDU against peers (XRS, XUE) across various service metrics to support the argument that EDU is underperforming.New Oriental Education & Technology Group (EDU) · Carson Block
Research note Short seller Beat · The Struggle to Uncover the Truth1 hit
33
Includes specific allegations against AMBO and CAST management; table compares gross margins across five companies from 2007-2011.New Oriental Education & Technology Group (EDU) · Carson Block
Research note Short seller Beat · The Struggle to Uncover the Truth1 hit
34
The slide contains a table of operating margins for EDU and competitors, followed by a qualitative assessment of the company's financial and legal risks.New Oriental Education & Technology Group (EDU) · Carson Block
Research note Short seller Beat · The Struggle to Uncover the Truth1 hit
35
New Oriental Education & Technology Group (EDU)New Oriental Education & Technology Group (EDU) · Carson Block
Research note Short seller Beat · The Struggle to Uncover the Truth1 hit
36
The transcript highlights the potential franchisee's lack of direct experience in education and their background in real estate/project development.New Oriental Education & Technology Group (EDU) · Carson Block
Research note Short seller Beat · The Struggle to Uncover the Truth1 hit
37
The slide contains a raw transcript of a business inquiry call.New Oriental Education & Technology Group (EDU) · Carson Block
Research note Short seller Beat · The Struggle to Uncover the Truth1 hit
38
The text is a Q&A style transcript detailing operational and financial aspects of a franchise agreement.New Oriental Education & Technology Group (EDU) · Carson Block
Research note Short seller Beat · The Struggle to Uncover the Truth1 hit
39
This is a raw transcript page from a research note or case study document.New Oriental Education & Technology Group (EDU) · Carson Block
Research note Short seller Beat · The Struggle to Uncover the Truth1 hit
40
This appears to be a transcript of a phone call or interaction, likely part of a customer journey or sales process documentation.New Oriental Education & Technology Group (EDU) · Carson Block
Research note Short seller Beat · The Struggle to Uncover the Truth1 hit
41
New Oriental Education & Technology Group (EDU)New Oriental Education & Technology Group (EDU) · Carson Block
Research note Short seller 1 hit
42
This is a legal contract template page.New Oriental Education & Technology Group (EDU) · Carson Block
Research note Short seller 1 hit
43
This appears to be a page from a legal contract or partnership agreement.New Oriental Education & Technology Group (EDU) · Carson Block
Research note Short seller 1 hit
44
The text contains specific contractual clauses (1.2.2.2 to 1.2.3) regarding brand usage, territory authorization, and penalties for non-compliance.New Oriental Education & Technology Group (EDU) · Carson Block
Research note Short seller 1 hit
45
This appears to be a page from a legal contract or franchise agreement.New Oriental Education & Technology Group (EDU) · Carson Block
Research note Short seller 1 hit
46
This is a page from a legal agreement or contract, specifically outlining operational training obligations and financial responsibilities for personnel.New Oriental Education & Technology Group (EDU) · Carson Block
Research note Short seller 1 hit
47
This appears to be a page from a contract or legal document, specifically sections 2.3 through 3.1.New Oriental Education & Technology Group (EDU) · Carson Block
Research note Short seller 1 hit
48
Legal document excerpt detailing compliance requirements.New Oriental Education & Technology Group (EDU) · Carson Block
Research note Short seller 1 hit
49
This appears to be a page from a franchise or licensing agreement between 'Party A' (likely New Oriental) and 'Party B'.New Oriental Education & Technology Group (EDU) · Carson Block
Research note Short seller 1 hit
50
Contains clauses 3.2.4 through 3.2.7 of a cooperative agreement.New Oriental Education & Technology Group (EDU) · Carson Block
Research note Short seller 1 hit
51
This appears to be a page from a franchise or licensing agreement between 'Party A' and 'Party B'.New Oriental Education & Technology Group (EDU) · Carson Block
Research note Short seller 1 hit
52
This is a standard legal contract clause page, likely part of a franchise or licensing agreement.New Oriental Education & Technology Group (EDU) · Carson Block
Research note Short seller 1 hit
53
This appears to be a page from a franchise or licensing agreement between 'Party A' and 'Party B'.New Oriental Education & Technology Group (EDU) · Carson Block
Research note Short seller 1 hit
02
The slide uses a metaphor of the Titanic heading toward an iceberg to describe Olam's fiscal situation.Olam International (OLAM) · Muddy Waters
Research note Short seller 1 hit
03
This is a page from a short-seller research report. It includes a direct challenge to management and a deadline for acceptance.Olam International (OLAM) · Muddy Waters
Research note Short seller Beat · Preempt Rebuttal1 hit
04
The slide uses a narrative of 'exposing' management's claims by contrasting them with external market data and government policy changes.Olam International (OLAM) · Muddy Waters
Research note Short seller Beat · Expose ContradictionLoop · Zoom In1 hit
05
The slide uses a quote from Kenneth Lay (Enron) to frame the argument against Olam's reliance on E&Y.Olam International (OLAM) · Muddy Waters
Research note Short seller Beat · Expose ContradictionLoop · Zoom In1 hit
06
This is a text-heavy research note page from a short-seller report.Olam International (OLAM) · Muddy Waters
Research note Short seller Beat · Expose ContradictionLoop · Iceberg1 hit
07
The slide uses red boxes to highlight discrepancies in financial reporting between two different statements.Olam International (OLAM) · Muddy Waters
Research note Short seller Beat · Expose Contradiction1 hit
08
This slide functions as a rebuttal to management's public statements, using a 'he-said-she-said' framing to highlight potential governance risks.Olam International (OLAM) · Muddy Waters
Research note Short seller Beat · Preempt Rebuttal1 hit