In the video below, I explain my latest pick Career Education (CECO).
UPDATE: Let's sell our position in Career Education for a 5% loss. Remember, cut your losers short and let your winners ride.
An institution purchased some 650,000 shares last month.
The company has over $500,000 in cash.
Analysts are forecasting that Career Ed is poised for growth for the first time since 2005. Brandon Dobell of William Blair & Co. in Chicago estimates revenue will rise 1% this year to $1.73 billion and jump another 11% in 2010 to $1.93 billion. He figures more school closings will keep full-year earnings down, falling 16% to 56 cents a share in 2009. But profits will triple in 2010 to $1.68 a share, he predicts.
“The potential for upside in both student enrollments and profit margins at Career Education is quite high,” Mr. Dobell said. “Expectations are high for the entire for-profit education sector, in fact.”
In the video below, I explain my latest pick Career Education (CECO).
UPDATE: Let's sell our position in Career Education for a 5% loss. Remember, cut your losers short and let your winners ride.
An institution purchased some 650,000 shares last month.
The company has over $500,000 in cash.
Analysts are forecasting that Career Ed is poised for growth for the first time since 2005. Brandon Dobell of William Blair & Co. in Chicago estimates revenue will rise 1% this year to $1.73 billion and jump another 11% in 2010 to $1.93 billion. He figures more school closings will keep full-year earnings down, falling 16% to 56 cents a share in 2009. But profits will triple in 2010 to $1.68 a share, he predicts.
“The potential for upside in both student enrollments and profit margins at Career Education is quite high,” Mr. Dobell said. “Expectations are high for the entire for-profit education sector, in fact.”
In the video below, I explain my latest pick Career Education (CECO).
UPDATE: Let's sell our position in Career Education for a 5% loss. Remember, cut your losers short and let your winners ride.
An institution purchased some 650,000 shares last month.
The company has over $500,000 in cash.
Analysts are forecasting that Career Ed is poised for growth for the first time since 2005. Brandon Dobell of William Blair & Co. in Chicago estimates revenue will rise 1% this year to $1.73 billion and jump another 11% in 2010 to $1.93 billion. He figures more school closings will keep full-year earnings down, falling 16% to 56 cents a share in 2009. But profits will triple in 2010 to $1.68 a share, he predicts.
“The potential for upside in both student enrollments and profit margins at Career Education is quite high,” Mr. Dobell said. “Expectations are high for the entire for-profit education sector, in fact.”
Stocks Above I Currently Hold In My Own Trading Account: Long LIFE
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