Perdoceo Education Corp (PRDO)

[$tockfather]

Thinking of selling in AH....Looks like this could fall much more until bottom is in.IMO

[mlkrborn]

* November 2, 2011, 2:28 PM ET

CECO Plunges as CEO Leaves, Investigation Results Revealed

By Avi Salzman

Career Education Corp. (CECO) dropped 43% this afternoon after CEO Gary McCullough announced he is resigning and the company posted dismal third quarter results.

An investigation found that schools run by the corporation hadn’t met accreditation standards in 2010-2011. Of 49 schools examined in the art, health and design fields, 36 failed to meet the 65% “placement-rate” standard, which counts students who complete their degree and find a job in their field or a related one.

Chairman Steven Lesnik replaced McCullough as CEO.

Should investors be wary of all of the for-profit educators, given the findings on CECO and the possibility of more regulatory scrutiny for the sector? Competitors like Apollo Group (APOL) were trading lower today, probably on that fear. Morgan Stanley analyst Suzanne Stein says no.

“CECO has a history of accreditation issues and in the current environment, in which accrediting bodies have been under pressure to better police the industry, we do not expect this to be handled with leniency. We note though that this issue appears to be CECO specific and while the whole group is likely to trade off, we would view this as a buying opportunity for companies with better records of regulatory compliance.”

[Globaltrnr]

Very true my friend .. very true!

[$tockfather]

That's probably a smart move. I usually don't like trying to catch falling knives, however i just couldn't resist here.lol

I will average down if it falls more tomorrow, it's gonna bounce..... Just have to find the bottom first

GLTY!

[Globaltrnr]

I'm still waiting for it to settle in .. but I like what I see!

[$tockfather]

Jumped in @ $8.30.... Way oversold here. More ask slaps vs bid whacks today as well. this should bounce nicely shortly.imo

[Globaltrnr]

Waiting for it to settle in ....

[Globaltrnr]

It's a falling knife ... lol!

[Globaltrnr]

Bounce opportunity....

[$King]

CECO LOD 9.20

[momentum74]

They bought another $89 million dollars worth of shares since mar.4 2011


As of December 31, 2010, approximately $290.5 million was available under the Company’s stock repurchase program.

In the recent presentation in March. they say there is
$201 million left in authorized purchased program.
Share Repurchase
•
Remain Committed to Returning Cash to Shareholders
•
As of March 4, 2011, $201M authorization remaining

Source Page 15

http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9NDE3ODYwfENoaWxkSUQ9NDMwNjIxfFR5cGU9MQ==&t=1

[momentum74]

$CECO 20.73 Bullish links and info from mar/apr.


14 Highly Profitable Low P/E Laggards Worth a Look

http://seekingalpha.com/article/260305-14-highly-profitable-low-p-e-laggards-worth-a-look?source=yahoo

10 Companies Repurchasing Shares at Bargain Prices

http://seekingalpha.com/article/257148-10-companies-repurchasing-shares-at-bargain-prices?source=yahoo

Momentum Trades: Analysts Are Upgrading Earning Estimates for These 5 Breakout Stocks

http://seekingalpha.com/article/257184-momentum-trades-analysts-are-upgrading-earning-estimates-for-these-5-breakout-stocks?source=yahoo

Gotham Capital's Stock Picks. Joel Greenblatt is the founder of Gotham Capital, a hedge fund with extremely good returns.

http://seekingalpha.com/article/259720-gotham-capital-s-stock-picks

Ray Dalio's Favorite Stock Picks Ray Dalio manages World’s largest hedge fund. Bridgewater Associates has $86 Billion under management. Ray Dalio returned 38% last year and 18% annually over the past 10 years.

http://seekingalpha.com/article/261331-ray-dalio-s-favorite-stock-picks


Mar.15 Credit Suisse investors Presentation

http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9NDE3ODYwfENoaWxkSUQ9NDMwNjIxfFR5cGU9MQ==&t=1




Highlight from the most recent earnings report. Company is buying back a large amount of shares. They have no debt.

http://ih.advfn.com/p.php?pid=nmona&article=46521463


Financial Position



• As of December 31, 2010 and December 31, 2009, cash and cash equivalents and short-term investments totaled $449.2 million and $484.7 million, respectively.



Stock Repurchase Program and Treasury Stock



During 2010, the Company repurchased approximately 5.4 million shares of its common stock for approximately $154.9 million at an average price of $28.54 per share. The Company did not repurchase shares of its common stock during the fourth quarter 2010. Under the Company’s previously authorized stock repurchase program, stock repurchases may be made on the open market or in privately negotiated transactions from time to time, depending on factors including market conditions and corporate and regulatory requirements. As of December 31, 2010, approximately $290.5 million was available under the Company’s stock repurchase program.



During January 2011, the Company repurchased an additional 3.7 million shares of its common stock for $79.9 million at an average price of $21.47 per share through the Company’s 10b5-1 repurchase program announced by the Company on November 15, 2010.




Most recent earnings conference call link

http://phx.corporate-ir.net/phoenix.zhtml?c=87390&p=irol-eventDetails&EventId=3654657&WebCastId=1077680&StreamId=1612070

[momentum74]

Colorado Technical University Launches Eight New Online Degree Programs in Computer Science, Criminal Justice & Information T...
Date : 04/20/2011 @ 9:00AM
Source : Business Wire
Stock : Colorado Technical University (CECO)
Quote : 20.69 -0.09 (-0.43%) @ 3:23PM


Colorado Technical University Launches Eight New Online Degree Programs in Computer Science, Criminal Justice & Information T...

Career Education (NASDAQ:CECO)
Intraday Stock Chart
Today : Wednesday 20 April 2011
Colorado Technical University (CTU), a leading provider of education for career-motivated students, today announced the launch of eight advanced and undergraduate degree programs designed to help prepare professionals in the fields of computer science, criminal justice and information technology.

The new degrees include a Doctor of Computer Science with a concentration in Information Assurance; a Master of Science in Criminal Justice; a Master of Science in Information Technology with four different specializations; and a Bachelor of Science in Information Technology with two specializations.

“These new programs expand our current offerings in these important fields and provide students the opportunities to gain knowledge and skills that they can use to advance their careers or change professions,” said Jeremy Wheaton, CEO of CTU. “The coursework allows students to gain new skills by collaborating, connecting and interacting online with fellow students and professors, many of whom work in the industries they teach.”

The eight new degree programs, including specializations, are:

Doctor of Computer Science with a concentration in Information Assurance. This three-year program helps leaders manage enterprise information systems with a focus on information assurance and security. The coursework features enterprise security architecture related to service-oriented architecture, software-as-a-service and cloud computing; digital systems security including risk assessments; and trust, security and privacy issues in enterprise computing.
Master of Science in Criminal Justice. This degree program is designed for criminal justice professionals seeking to advance their careers in law enforcement, corrections, court systems and academia. Students will gain knowledge and skills including how to apply public policy techniques to current criminal justice system issues, how to evaluate and develop fiscally responsible policies, and how to put public policy into practice.
Master of Science in Information Technology with general, data management technology, network management and security management specializations. These four graduate degree programs provide students with advanced knowledge and skills in specialized IT areas. The general specialization coursework is designed to give students an in-depth understanding of how to align an organization’s IT strategies and offerings with its business goals and serve its customers securely and efficiently. The other degree specializations allow students to specialize in managing an organization’s database systems, network infrastructure, and computer security systems.
Bachelor of Science in Information Technology with general and data management specializations. Coursework for the general specialization is focused on helping students design, develop and deliver IT projects. The data management specialization is designed to help students to apply the latest IT tools and concepts used to support decision-making in business functions such as accounting, marketing and operations. In both specializations, students are required to create a portfolio of projects to demonstrate their skills to prospective employers.
All eight degree programs are currently open for enrollment. For more information about CTU or to enroll in any of these programs, visit www.coloradotech.edu.

About Colorado Technical University

Founded in 1965, Colorado Technical University (CTU) provides higher education for today’s career-focused students and offers students support, flexibility and resources to advance personally and professionally. CTU offers associate, bachelor’s, master's and doctoral degrees. CTU campuses include ground schools in Denver, Colo.; Colorado Springs, Colo.; Pueblo, Colo.; Sioux Falls, S.D.; and Kansas City, MO; and an internet based division that delivers degree programs 100 percent online. In fact, the award-winning virtual campus was recognized as “Best of the Best” in the 2009 Computerworld Honors Program. For more information, please visit www.coloradotech.edu.

CTU is accredited by The Higher Learning Commission and a member of the North Central Association of Colleges and Schools. For more info visit www.ncahigherlearningcommission.org or call 312-263-0456. CTU is also a member of the Career Education Corporation (NASDAQ:CECO) network of universities, colleges and schools. For more information visit www.careered.com. CTU does not

[momentum74]

20.52 Trading at a p/e of 5 if you back out the cash.
http://finviz.com/quote.ashx?t=ceco

20.50 - 6.00 in cash 14.50 divided by 2.50 in earnings = 5.8 p/e

[momentum74]

20.64 rtq Chart.Buying here for a bounce been scaling in.Down 8 days in a row.Earnings are May.4 looking for a bounce going into earnings. P/E is very low especially if one backs out the cash. 400 million cash on the books. Stock is very oversold on the Daily chart. Williams %R is at the bottom. RSI 2 and RSI 4 below 10 on the daily. Should get a snap back imo


CECO - Daily Candlesticks

[MrSparex]

$34 soon