What is Career Education(CECO) Worth ?
Career Education Corp. (NASDAQ: CECO)
As the Dow continues to travels up +26.07 points at 15,535.28 Friday October 25, 2012 12:28PM EDT, Ticker CECO relentlessly surges up 54.47% with a gain of $2.07 at $5.87 12:32PM EDT. For those that didn't realize to get in on this stock earlier, if you would of had 96 shares of this stock this morning you might have made over two hundred dollars profit before tax. Career Education Corporation stock symbol CECO, has reported yesterday reaching a definitive agreement to sell and transfer control of its European education properties to private equity firm Apax Partners. No wonder the Company is currently experiencing over 10 million shares in play mid-day.
What make stock symbol CECO so agreeable to the senses, is that this Company (www.careered.com) anticipates receiving a cash payment of $276.5 million at closing. Career Education anticipates that the transaction will close before the end of the year, pending customary provisions, including review by French anti-trust authorities. Plus if it makes a difference, I hope you know that Wells Fargo Securities analyst Trace A. Urdan upgraded the rating on ticker symbol CECO from Market Perform to Outperform.
The colleges, schools and universities that are part of the Career Education Corp. (“CECO”, “Career Education” or the “Company”) family offer high-quality education to a diverse student population across the world in a variety of career-oriented disciplines through online, on-ground and hybrid learning program offerings. The campuses that serve these students are located throughout the United States, France and Monaco, and offer doctoral, master’s, bachelor’s and associate degrees and diploma and certificate programs. Career Education is an industry leader whose institutions are recognized globally.
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