Billionaire Jim Chanos’ Top 5 Stock Picks

2. GSX Techedu Inc. (GSX)

Chanos had a $10 million put positions in GSX at the end of September. GSX is a China-based tutoring service company that offers K-12 courses through its state of the art technologies. The company can provide a massive online class event to deliver education-based materials to its aspiring students.

The company’s quality online learning system is very timely and is so much needed today, in the time of the pandemic, by a lot of schools and students for the key purpose of having the need to continuously acquire knowledge so as to not be delayed in the world’s growing modernization.

The company has a current market cap value of $11.6 billion and net assets amounting to $38.25 billion. According to a recent Insider Monkey article, GSX as of September 2020 was part of 18 hedge funds’ portfolios, its all-time high.

In the company’s newsletter, they’ve mentioned:

“GSX Techedu relentlessly pursues the highest quality in its course offerings. Its education excellence is backed by high-quality teachers and in-house curriculum development expertise. To create a disciplined, effective, and engaging learning environment under the large-class format, GSX Techedu has adopted a dual-teacher system, staffing each class with an instructor and multiple tutors well trained in the relevant subjects or curriculum. GSX Techedu prides itself on its rigorous and systematic teacher selection and coaching process.”