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Career Education Corp. Message Board

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  • golfer18us golfer18us Nov 27, 2012 3:59 PM Flag

    Good buy in the $2s

    there are almost 2,000 public companies trading for less than book value. I'm sure many of those are also trading for less than the cash/share. I think a better metric would be the working capital per share (Current Assets less Current Liabilities) since they have payables that offset the cash on hand. I'm not looking to judge or brag....merely suggesting that one should be careful to conclude this is a good investment based on their cash on hand.

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