February 14, 2012
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of TAL International Group (NYSE: TAL ) rose 10% today after the company released earnings.
So what: Total revenue rose 29% to $134 million, and earnings per share fell $0.08 to $1.07 per share. Adjusted earnings per share were $1.02, better than analysts expected.
Now what: TAL also raised its dividend to $0.55 per quarter, showing confidence that the improved results will continue. Shares are now trading with a trailing P/E ratio of 11 and a juicy 6% dividend yield. I think that provides a nice value to investors, considering the company has increased its dividend six times in the last two years.
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