That may be the reason why solar stocks are all moving down recently because of cheap electricity (or oil price). Less people want to install solar panels.
APOL, which is under investigation, will be bought out at $10.00 by a group of investors. A final vote will be on May 6. APOL will be valued at 1.16 billion. ESI market cap is only 50 million now. It is an easy buyout target and the target price should be 5-6 dollars. Its campus only is valued at least 130 million.
most likely it is a fraud as well. Next SUNE possibily. At least I will not put my money into this stock at present price.
May be, down before earning release. Market expects big loses this Q. Hard to say where it goes next.
oil tankers are in high demand now. The reason: China are buying huge amount of oil to fill its recently build oil storage in their country. China also reduced their oil production to buy cheaper oil from around the world. They completely closed few big oil fields.
That is one reason why shippers are seeing higher prices recently.
Good buy will be at around 31.00 level. I will buy it next week. Q2 expected earnings are quite impressive. But it may stay at current level for a while before break out again.
Sentiment: Strong Buy
I believe what js said is true. The company is profitable after paid all loans, interest for Q1 and is cash flow positive. I will read its 10-Q later. But from its 2015 annualy report, it laid out 2016 debt reduction plan and seems it follows the plan well.
Stock price will recover later. No need to panic.
The key is that the enrollment cannot decline year by year all the time.
Actually the earning result is not bad. But market is urgly today and it is hard for any stock moving higher. For ESI, the problem is continueing enrollment decline. That hurts. That is why I booked my profit yesterday and sold the another half at break even today.
500 x 100 x (0.17 - 0.04) - 200 (comission) = $6,300.
That is, $2,000 investment returned to $8,300 with $6,300 net prodit with $2,000 still on the table.
Please, what is your education level? 500 contract sold with 0.13 net gain for each and total net product is $6,500. I still have $2,000 on the table. Even I lose it all, I still made $4,500 - commission.
The worst is beak even for the remaining 500 contract.
I have a question for you: Did you put any money into ESI, either short or long? Or just paid for your work for posting here?
Booked half of my profit today. I put $4,000 into ESI three days ago, bought 1,000 contract of May 20 $3.00 call option for $0.04 each and sold half at $0.17 today.
Hope to see $3.00 tomorrow.
I do agree that ESI will report reduced enrollments. Flat earnings - what is flat earnings? agreed with estimate? If so, that will ber great as they can make money under declined revenue. Below $2.00? Unlikely. Let us find out. But, anything could happen in investment world.
I am not so optimistic. I don't know whether they can report 13 cets per share earnings.
If they can report a profit agreed with analysts estimation, I will be very satisfied. For-profit education is now operateing under very tough environment. I have to say ESI is fighting from all sites to survive and it works fine so far.
Sentiment: Strong Buy
Based on my experience, the deeper stock drops before earnings, the stronger the rebound will be.
ESI has been in 3-4 range most of the time in last 12 months. the only time it drops to 2.00, it bounced right back to 5-6 level.
In addition, two analysts give one year target of 6.00 level. Unless you believe that stock will drop to 1.00 level after earnings, my advice is to book yor profit and short it at the top of its trading range. The worst thing in investment is to turn a highly profitable trade into a huge loss.
Buy low and sell high, or sell at high buy back at low. It is easy said but difficulty to do.
One problem: I doubt that the company can beat the number in its Q1 release Friday. But stock should hold well as long as the result is not terrible as the price is still at the low end of the 12 months range.
ESI stock always jumps high after last 5 qauter report. The only exception is Q2, 2015, it gapped down when it reported 0.03 via 0.10 result. But the stock was at high end ($6.00) when the earnintg released. It stopped bleeding at 2.50 and bounced to 4.50 then.
It is up to you to decide what to you. It is your money.