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ITT Educational Services Inc. Message Board

  • brah2 brah2 Jan 27, 1999 9:00 PM Flag

    CLCX 7:1

    CLCX is in this business and you can get 7 shares
    of CLCX for 1 share of ITT Tech. Look at the
    financials. Very comparable sales . CLCX is very depressed at
    this time and is ready to runup. Look at the
    financials for CLCX and you make the decision. 7:1 and
    revenues of 150MM. Earnings are expected to rebound to the
    .55 share range for next fiscal year. 17 million
    26 locations. Last good net income figure was 10.0MM
    FY98 since then net has decreased due to bad press and
    suit in IL which is due to settle by 1/31/99. Other
    states have similar small claims and they will be
    settled. Expect IL to settle by 1/31/99 and the stock to
    rise. Many short selling in CLCX and when it gets good
    news it will rise rapidly. Was a 30 - 40 dollar stock
    2/98 - 8/98.

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