Why Is Everyone Talking About New Oriental Education Stock?

New Oriental Education (NYSE: EDU) has been one of the most talked about Chinese stocks in recent months. The stock was once considered a top investment in China's booming private education market, but the government's abrupt crackdown on the entire sector erased nearly 90% of its market value over the past three months. Let's take a look back at New Oriental Education's history, why it incurred the wrath of China's regulators, and if its battered stock will ever recover.