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.”
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Guerilla Trader Quote
“All Warfare is about Deception. Hence, when able to attack, we must seem unable; when using our forces; we must seem inactive; when we are near, we must make the enemy believe we are far away; when far away, we must make him believe we are near.... If your opponent is choleric temper, seek to IRRITATE him. Pretend to be Weak, That he may grow ARROGANT.”
by Sun Tzu
“All Warfare is about Deception. Hence, when able to attack, we must seem unable; when using our forces; we must seem inactive; when we are near, we must make the enemy believe we are far away; when far away, we must make him believe we are near.... If your opponent is choleric temper, seek to IRRITATE him. Pretend to be Weak, That he may grow ARROGANT.”
by Sun Tzu
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