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Career Education Corp. Message Board

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  • golfer18us golfer18us Nov 27, 2012 3:17 PM Flag

    CECO cash 5.51/share, book value 10.51/share

    There are currently 1,984 publicly traded companies trading for less than book value. I think it's safe to assume that many of those are also trading for below cash/share. I think the hope here is that one of their largest shareholders (Blum) also has a large position in ITT. Perhaps there's a way to combine the two entities, remove G&A redundancies and rationalize the asset base. The overall outlook for the for-profit post secondary didn't get any better with the continuation of the Obama administration.

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