Gaotu Techedu: It's Getting Interesting Again

10'000 Hours I published my initial investment thesis on Gaotu Techedu (NYSE:GOTU) in September 2023. Due to extreme good luck, the stock quickly doubled in less than 6 months after my “strong buy” rating. In Feb of 2024, I wrote another article downgrading GOTU to hold as the stock rose too far. Since then, GOTU has dropped almost 50%. I believe the recent development in China’s after-school tutoring market, especially the change in government attitude, is very positive for GOTU. However, the stock pri ...