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Career Education Corp. Message Board

  • teamonfuego teamonfuego May 17, 2013 3:15 PM Flag

    $4.50 Cash on Hand

    Still a ways to go just to get to the cash on hand.

    No debt
    Negative enterprise value.
    $9 Book value
    0.20 Price to Sales
    $85 to $95 million in cost reductions starting in Q3.
    Down 90% from highs 2 years ago.

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    • Yep one of the best plays out there. Economy and jobs market are steadily improving which is going to help the for profit education companies. On top of that the high school graduation rates are the best they have been in the past 50 years so the pool of potential students is larger than ever. Fact is people still need higher education to get ahead in life. Don't listen to the media hype bashing these companies. They will prevent you from profiting from the rebound just like they have done to so many people that listened to the permabears, goldbugs, and conspiracy theorists warning of pending doom for the past 4 years. CECO still has $4+ in cash and no doubt and a book value triple the current price. And they will be cash flow breakeven within a year. Potential reward is huge. This was in the 30's two years ago.

5.55-0.05(-0.89%)Apr 28 4:00 PMEDT