Career Education Corp. (NASDAQ:CECO) through its schools, colleges and universities, offers education a variety of career-orientated disciplines through online, on-ground and hybrid learning programs. The Company's institutions include, among others, American InterContinental University (AIU); Brooks Institute; Colorado Technical University (CTU) and Sanford-Brown Institutes and Colleges.
Summary: I was originally drawn to Career Education earlier this year, when I noticed the company was trading at a discount to its booked cash balance. However, since then the company has signed a game changing deal, which has seen Career sell its European assets for a sum, which at the time of the initial press release, was more than the company's entire market capitalization. Still, Career is facing a number of...
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