Seeking Alpha
Editor's notes: Terrible sentiment ignores CECO's cash-rich position and turnaround potential. Possible multi-bagger returns as new management crams to reach profitability in 2014.

CECO is a buy: School Yourself On Career Education Corp. (CECO)

New CEO, Compelling Valuation, & Turnaround Story Has Multi-Bagger Potential

Price (7/19/2013): $3.70

Market Capitalization (7/19/2013): $245.7m

Deeply negative sentiment and deteriorating fundamentals have pummeled shares of CECO and the entire for-profit education industry (CECO was $70 in 2004, $30 in 2010, $20+ in 2011). I believe the stock is way oversold and this is a great buying opportunity as valuation is very compelling and there is a strong turnaround story in place led by a highly credible new CEO. CECO is aggressively cutting costs, reducing its exposure to regulatory/accreditation risks and shedding unprofitable schools in efforts to become a leaner and more profitable enterprise. CECO maintains...

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