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Lao Yu still doesn't know how to be a person, but I like it.

$New Oriental (EDU.US)$ Lao Yu is 60 years old, with sparse hair and a gaunt figure. He still doesn't know how to be a person. How can he come out and sing 'Starting Over' before the central conference? So you're not convinced? Then let's clean up until you're convinced. What does 'Economic Daily' mean? Don't you understand? It's the first edition of the column, openly criticizing New Oriental. Let's see who dares to do business with you.
Lao Yu dare to respond openly? Still doesn't know what's good for him. By doing this, it will only escalate the situation and deal with New Oriental even more severely.
But I like it. To be honest, in China, treating VIE shareholders as chamber pots, peeing whenever one wants, not distributing dividends, not buying back, and spending money recklessly have all become traditions. Lao Yu can certainly empty the company and then break it up and dissolve it. Now, taking matters into his own hands and fighting for it is actually a good thing.
However, this kind of garbage-picking pure value investment needs to control the position. Slowly build up the position (on an annual basis...)
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