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Career Education Corp. Message Board

  • spanishpower25 spanishpower25 May 17, 2013 1:59 AM Flag

    CECO stock repurchase program

    Stock Repurchase Program

    During the fourth quarter of 2012, the Company did not repurchase any shares of its common stock. During the year ended December 31, 2012, the Company repurchased approximately 6.1 million shares of its common stock for approximately $56.4 million at an average price of $9.29 per share.

    As of December 31, 2012, approximately $183.3 million was available under the Company’s authorized stock repurchase program to repurchase outstanding shares of our common stock. Stock repurchases under this program may be made on the open market or in privately negotiated transactions from time to time, depending on various factors, including market conditions and corporate and regulatory requirements.

    Sentiment: Strong Buy

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