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Career Education Corp. Message Board

  • longceco longceco Apr 23, 2013 11:37 AM Flag

    CECO vs EDMC & LINC comparison

    If it were not for Blum selling, CECO is a $5+ stock easily. Consider CECO with Lincoln Education and Education Management Corp- both trading around $5.

    Price per Share
    CECO $2.13
    EDMC $4.76
    LINC $5.63

    Book Value:
    CECO $9.12
    EDMC $4.20
    LINC: $8.36

    Cash:
    CECO $304M
    EDMC $189M
    LINC $62M

    Debt
    CECO $80M
    EDMC $284M
    LINC 73.5M

    CECO is a $5 stock, the tape just doesn't reflect the value. Unbelievable value. Still long.

    Sentiment: Strong Buy

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • CECO is at least 20, provided Scott preserve it as an institution that provide high quality education product, focus on working adult market, maintain regional leadership, rapidly growth its online business, keep a skilled management team, rationalize its cost structure and push up the profit margin rate.
      It might take 2-4 years hope everyone be patience.

      Sentiment: Buy

    • CECO has a much cleaner balance sheet - by far. Brighter days ahead as the street catches on and cost cuts take full effect.

      15 MAY 2013 UPDATE (per Yahoo finance)

      Price per Share
      EDMC $6.47
      LINC $6.44
      CECO $2.93

      Book Value:
      CECO $8.90
      LINC: $8.04
      EDMC $1.97

      Price to Book
      CECO .32
      LINC .77*
      EDMC 3.33**

      *If CECO had a price/book of .77 the pps is $6.85
      **If CECO had a price/book of 3.33 the pps is $29.64

      Cash:
      CECO $287.77M
      EDMC $183.6M
      LINC $17.29M

      Debt
      CECO $103K
      LINC 35.92M
      EDMC $1.3B

      Sentiment: Strong Buy

      • 1 Reply to longceco
      • UPDATE -- 29 JULY 2013 (per Yahoo finance)

        Price per Share
        EDMC $6.96
        LINC $6.50
        CECO $3.45

        Book Value:
        CECO $8.90
        LINC $8.04
        EDMC $1.97

        Price to Book
        CECO .40
        LINC .83*
        EDMC 3.33**

        *If CECO had a price/book of .77 the pps is $6.67
        **If CECO had a price/book of 3.33 the pps is $29.64

        Cash:
        CECO $287.77M
        EDMC $183.6M
        LINC $17.29M

        Debt
        CECO $103 thousand
        LINC 35.92 Million
        EDMC $1.32 BILLION

    • Consider this comparison, EDMC has a 52 week low of $2.74, and now trading at $6.25 as of today 25 April.

      CECO has a $2.05 52 week low and trading at 2.29. My point: CECO is still cheap.

      Just added 2k more at 2.17 this morning. Buying more when I unload some of my dogs and overbought winners.

      Sentiment: Strong Buy

    • The DV earnings yesterday were an opportunity. They keyed on narrow metrics with a negative bias. ESI calmed fears for the group this morning and is up dramatically. The group has been left for dead and could be a source of serious Alpha for our portfolios. Relative small share counts with traditional positive cash flows. When the dust settles and the flow returns gains will be measured by muliples. Happy hunting for the patient.

    • FYI entire education sector up today. Cappella put up good numbers. With CECO bringing costs in line a nice run is in the cards imo. The bottom is reached imo.

    • longceceo, dude, you're preaching to the choir! lol Sooner or later the rest of the market will come to its senses.

 
CECO
6.84+0.12(+1.79%)3:14 PMEST

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