Brian Grosso
Investment advisor, long only, long-term horizon, value

ITT Education: Cheap, But Not Cheap Enough

ITT Education (NYSE:ESI) is a company I've followed on and off since I became interested in stocks about 18 months ago. About a year ago last January, uneducated and naïve, I called the stock a double or triple when it was at $14. I happened to be right, but mostly due to luck as there was no indication of a turnaround at that point. I was just being a contrarian because I recognized how hated it was and thought it may have bottomed. Unfortunately I sold way too soon, settling for a 15-20% profit in February because the Q4 12 earnings numbers and volatility scared me. I haven't been invested in the company since, but have continued to...

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