Domestic, For-Profit, Investors, Required - Written by on Wednesday, November 2, 2011 10:52 - 0 Comments

Bullish? Analyst Expected Price Gains at For-Profit Education Companies, but CECO -40% today

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Paul Ausick at 24/7 Wall St. gives the run down on why he thinks 10 for-profit education companies are poised to move higher.

Unfortunately for Ausick, it’s hard to foresee when a CEO steps down, as at Career Education (NASDAQ: CECO) today. CEO Gary E. McCullough resigned today, knocking the stock down 40% during intraday trading.

Share prices at for-profit education companies peaked in June and July this year, following a slow start. At the beginning of the year there was widespread fear that new federal rules related to student loans, recruiting practices and employment upon graduation would eviscerate revenues and earnings. However, the rules changes were less onerous that anticipated, and stock prices gradually climbed back up. Enrollments are still a problem at some schools, but share prices are well above lows at most of the companies.

Included in Ausick’s report:

Apollo Group NASDAQ: APOL
Education Management NASDAQ: EDMC
American Public Education NASDAQ: APEI
Strayhorn Education NASDAQ: STRA
Washington Post NYSE: WPO
Corinthian Colleges NASDAQ: COCO
Bridgeport Education NYSE: BPI
Grand Canyon Education NASDAQ: LOPE
Career Education NASDAQ: CECO (CEO just resigned)

Full breakdown: via Expected Price Gains at For-Profit Education Companies APOL, EDMC, APEI, STRA, DV, WPO, COCO, BPI, LOPE, CECO – 24/7 Wall St..

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