Jonathan Rossman

Long ITT Educational Services: Misunderstood With Short-Term Catalyst

For reasons that I will explain below, I believe that ITT Educational Services, Inc. (NYSE:ESI) is a good short-term long opportunity as the very high short-interest (38% of the float) is likely to come down meaningfully and quickly. The stock is currently trading at a single-digit multiple of 2014 cash flow (...

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