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Career Education Corp. Message Board

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  • golfer18us golfer18us Dec 7, 2012 12:54 PM Flag

    CECO is NOT a value play

    Love seeing someone on the message board with an analytical bent vs. "off the cuff" emotional input. Nice work. The other liability against them is the huge exposure on operating leases. While not on the balance sheet as debt, it's a real obligation and they can't get out of it unless they file Chapter 11 which is extremely unlikely since I believe that cuts off their ability to gain access to government loans for students.

 
CECO
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