Did you mean to say $5.00 by end of year? I know this Gal who acquired her MBA from ITT and ITT will not hire her to teach their online classes. So tell me who are the hypocrits here? They hired this person who works at the NSA assuming they must be good at what they do so they would be a good onlin Instructor. A student told me that all he does is give 100% grades for any kind of work submitted. So tell me would you really invest your hard earned money in this company?
Do you really think it will ever see $60 after reading this news? IMHO it will se $20 then $13 and then who knows what will happen.
Why do you think it was at $13/share after holding $90-$120? I don't make this news up read it and then you decide as seen below from "Bloomberg."
Read the news:
The U.S. Consumer Financial Protection Bureau is investigating at least two for-profit colleges over potentially abusive practices in marketing and originating student loans.
Carmel, Indiana-based ITT Educational said on Oct. 29 that it had received a second demand for information from CFPB about “private education loans made to our students and certain other aspects of our business.” The demand replaced a similar one from earlier this year, ITT said.
Yes, and Facebook received seven and the stock dropped like a rock. IMHO, upgrades are worthless because these spoiled rotten analysts do not have a clue as to what they are doing these days. Too much manipulation in the market these days to figure it out. Just buy and hold and hope the company does not go out of business
I guess you have no idea what this company actual does for a living, do you. Oh, that's right, the rest of the world is ripping people off, so what's wrong with these guys doing the same thing, right??? Yup, just as I guessed.