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Career Education Corp. Message Board

  • teamonfuego teamonfuego May 6, 2013 4:40 PM Flag

    This is a Net Asset Play

    "As of March 31, 2013 and December 31, 2012 , cash and cash equivalents and short-term investments totaled $299.2 million and $402.3 million , respectively. During the first quarter of 2013, the Company repaid the $80 million of outstanding borrowings under its Credit Agreement. Accordingly, restricted cash balances decreased to $11.4 million at March 31, 2013 from $97.9 million at December 31, 2012 ."

    Cash / CE / ST Investments is 2X the current market cap of the company.

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