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Career Education Corporation (CECO)

  • Jul. 30, 2012, 7:27 AM
    A new 800-page report from a Senate committee harshly criticizes the for-profit education sector. The biggest complaints from Senator Tom Harkin's biting report are that taxpayer money is being squandered and students aren't getting much bang for the buck from their enrollment. On watch: CECO, COCO, EDMC, STRA, LOPE, APEI, NAUH, BPI, APOL, ESI, DV, LINC.
  • Jul. 24, 2012, 9:39 AM
    For-profit educators tumble at the open following DeVry's (DV -27.4%) downbeat forecast: APOL -4.5%, ESI -5.8%, STRA -6.7%, CECO -3.1%, COCO -2.8%, LOPE -2.9%, EDMC -1.9%, BPI -2.6%, WPO -2%.
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  • Jul. 10, 2012, 8:06 AM
    The dark clouds swirling around for-profit education stocks just got a little more ominous-looking with a warning out from David Einhorn that quality is not very high in the sector. This time around Einhorn is piling on some already beat-up names with profit warnings, accreditation issues, and stricter legislation hampering the industry. On the radar: ESI, EDMC, APEI, DV, LINC, BPI, LOPE, APOL, COCO, STRA, NAUH, CECO.
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  • Jul. 9, 2012, 10:50 AM
    The dismantling of shares of Bridgepoint Education (BPI -20.1%) over losing an accreditation for one of its institutions displays once again the tenuous relationship between education stocks and federal funding. Though politicians are mindful of alienating millions of voting students and parents in an election year, the purse strings keep getting pulled tighter on the industry through regulation and legislation. On watch: EDMC, LINC, ESI, DV, NAUH, APOL, BPI, CECO, STRA, COCO, APEI, LOPE.
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  • Jul. 9, 2012, 9:48 AM
    Shares of Bridgepoint Education (BPI -29.5%) sink after one of its main units is denied accreditation by regulators. The company says that it will appeal the decision. A number of peers in the highly-sensitive sector are selling off in sympathy: ESI -1.2%, CECO -3.3%, EDMC -2.7%, COCO -2.3%, APOL -2.4%.
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  • Jul. 2, 2012, 9:23 AM
    Education stocks keep up their bouncy trading with the impact on the compromises embedded in the student loan provision in the transportation funding bill still getting bandied about. Though the headliner item that student loan rates will be held steady at 3.4% is tipping sentiment for the moment, analysts warn that federal funding for student loans will become trickier over time. Premarket: CECO +5.4%, COCO +8.0%, APOL +2.8%, DV +1.3%.
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  • Jun. 29, 2012, 2:21 PM
    The House of Representatives passes the transportation bill, which includes a provision to keep in place the 3.2% rate on federal student loans and prevents the rate from doubling on July 1. According to government estimates, 7.4M students are effected by the bill. Breathing easier: EDMC, APOL, NAUH, CECO, DV, STRA, COCO, APEI, BPI, ESI, CPLA, LOPE.
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  • Jun. 27, 2012, 2:24 PM
    Congress has eliminated two subsidies that will increase the cost of higher education, even as a deal to avoid nominal student loan rates from doubling is close to getting hashed out. The first measure starts the meter quicker for college graduates, while the second takes off the table many federal loans for graduate students. The big picture: Education-related companies, already facing serious enrollment issues, could face more pressure as one way or another the overall cost of borrowing money for loans looks set to increase. On the radar: BPI, EDMC, LINC, ESI, DV, NAUH, APOL, BPI, CECO, STRA, COCO, APEI, LOPE.
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  • Jun. 26, 2012, 9:52 AM
    A number of education stocks trade higher after Apollo Group (APOL +8.4%) knocked off a big earnings beat for FQ3 and gave the beat-up sector some positive news amid political scrutiny and ongoing enrollment pressure. Advancers: STRA +5.5%, DV +2.4%. CECO +2.4%, ESI +3.3%.
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  • Jun. 13, 2012, 1:01 PM
    Shares of Career Education (CECO -6.6%) fall after an accreditor issues a show-cause notice that requires the company to show cause as to why their accreditation shouldn't be withdrawn amid accusations of improper placement practices.
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  • Jun. 12, 2012, 3:59 PM
    Stocks of for-profit educators slide on rumors of renewed U.S. Senate interest in a ban against the schools' use of revenue from federal financial aid toward advertising, marketing and recruitment: APOL -3.4%, CECO -3.2%, DV -3.4%, STRA -3.4%, COCO -1.5%, EDMC -2%, ESI -1%.
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  • May. 25, 2012, 12:01 PM
    Education stocks continue to bounce around wildly as select names are viewed as susceptible to the whims of an ongoing Senate debate on extending a 3.4% federal student loan rate - set to expire if a deal isn't worked out. While the Democrats and Republicans block each other's proposals, analysts reading the tea leaves say a deal will get done to avert upsetting parents (voters) before November's elections. COCO +9.7%, NAUH +15.1%, CECO +8.2%, EDMC +7.2%.
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  • May. 24, 2012, 3:46 PM
    Education-related stocks show weakness after indications from Congress are that the Senate won't approve two bills that would limit student loan interest rates from soaring in July. In harm's way: EDMC, CECO, STRA, ESI, DV, NAUH, APOL, BPI, APEI, COCO, LINC, LOPE, CPLA.
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  • May. 14, 2012, 3:54 PM
    Career Education (CECO +4.2%) shares have slid 20% YTD as student enrollment trends worsen, but BMO Capital is ready to call a bottom. The firm says the stock closed Friday near CECO's cash and investments balance, and given expectations the company will generate positive free cash flow and buy back stock, BMO believes further downside is limited.
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  • May. 11, 2012, 10:02 AM
    A worrying drop in enrollment and revenue in Career Education's (CECO -10.1%) Q1 is enough to spill over to taint other education stocks. Sector decliners: APOL -3.3%, EDMC -2.4%, APEI -8.1% on its own tepid forecast, DV -2.1%, COCO -3.2%.
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  • May. 10, 2012, 5:12 PM
    More on Career Education (CECO): Q1 easily beats estimates on a one time insurance benefit, masking an 18% Y/Y decline in total revenue. Operating margins decreased by nearly half to 10.7% from 20.5% in the prior-year period. Q1 Total student population was 95,900 versus 117,200 a year ago, and total new student starts were 23,090 versus 31,830 the prior-year period. Shares +5.7% AH.
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Company Description
Career Education Corp provides online, on-ground and hybrid learning programs. It serves students from campuses throughout the USA, offering programs that lead to doctoral, master's, bachelor's & associate degrees, as well as to diplomas & certificates.