China Education Alliance Inc (NYSE:CEU)

	Recent 52-week high
	30% Earnings Per Share (EPS) growth rate
	10% revenue growth year over year
	Strong balance sheet
	15% minimum return on equity (ROE)
	8% minimum pre-tax margins
	Under 50 million shares outstanding
	High insider ownership
	Limited institutional ownership
	P/E at least 1/2 of EPS growth rate

China Education Alliance announced its second quarter financial results on August 11, 2009. 

• Revenues increased 82% to $8.2 million  
• Earnings per share increased 86% to $0.13 and met analyst estimates. 

The GeoTeam® has updated The Company's  financial snapshot and valuation scenario tables.

It is important to note that 2009 earnings per share analyst estimates have been reduced, as reflected in our valuation scenario tables. The estimates portray quarterly growth of 4% to 15% for the next four quarters before picking up again to over 45% in the company's September ending 2010 third quarter.  This may have some bearing on investor valuation assumptions in the short-run.  On the flip side the stock is still selling at a significant discount to its peer group and has a PEG ratio that is solidly under 1.