10-26-2017: Career Education Corporation (CECO): Two Main Campuses

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Career Education Corporation

Career Education Corporation (CECO) is a "for profit" on-line and campus university combination. It has about 36,000 students. It has a large number of smaller schools teaching everything from cooking to information technology, health management, masters in business administration, etc., but the vast bulk of its revenues come from two main campuses, American Intercontinental University and Colorado Technical University. It was founded in 1994 and based in Illinois.

It has a fairly good website describing its two main universities, each with their own websites. But news on this corporation includes some wheeling and dealing selling off and acquiring assets suggesting a lack of focus. The corporation has also been the focus of a number of class action lawsuits charging the corporation with false advertising and an investigation by the Federal Trade Commission. A recent false claims case ended with a $10 million fine to the Federal Government and $22 million in attorneys' fees.

The corporation's attempted move into the culinary arts with Le Cordon Bleu resulted in a big advertising push there followed by a sale of those assets. Recently, the corporation closed or sold seven smaller campuses.

Researchers and analysts both tend not to favor this corporation. It has an unacceptably low Zenith Index suggesting some fundamental problems. However institutions are net acquirers, and schools are in a fairly good performing industry group. Sentiment and chart patterns favor this stock.

Projected earnings are considerably higher. The company fails in intrinsic value tests, however.

Hurting this corporation's record are losses in 2012, 2013, 2014 and 2016, from which it has been slowly recovering, simply too many to favor risk averse traders.

This is a channeling stock near the top of its longstanding trading range. The stock pays no dividends.

Fixed assets are only 7.1% of its total assets. The stock is considered a "small cap" stock with higher volatility and increased risk than larger cap stocks, which can benefit from better economic times. 



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Zenith Index

Under current market conditions, a Zenith Index Score of 1.20 or above is required for a positive rating on this factor. 1.21 -1.30 is considered acceptable, 1.30-1.40 is considered strong and
> 1.40 is considered exceptionally strong. Accounting statements in this section often contain mistakes, especially in earlier years' totals, but data is deemed sufficient for us to give a rating. More accurate financial statements follow in the next section.

Career Education Corporation (CECO)                       Exchange: Nasdaq
231 North Martingale Road
Schaumburg, IL 60173             Sector: Services
United States                    Industry:Education & Training Services

Career Education Corporation operates colleges, institutions, and
universities that provide education to student population in various
career-oriented disciplines through online, campus based, and blended
learning programs in the United States. The company operates through
four segments: Colorado Technical University (CTU), American
InterContinental University (AIU), Culinary Arts, and Transitional
Group. Its colleges and universities include AIU, CTU, Le Cordon Bleu
College of Culinary Arts, Briarcliffe College, Harrington College of
Design, and Sanford-Brown College. The company offers master-Ęs,
doctoral, bachelor-Ęs, and associate degrees, as well as diploma and
certificate programs. It provides academic programs in the
career-oriented disciplines of business studies, nursing, computer
science, engineering, information systems and technologies,
cybersecurity, and healthcare management, as well as visual
communication, design technologies, and criminal justice; and
educational programs in culinary arts, as well as patisserie and baking.
As of December 31, 2016, the company had a total student enrollment of
approximately 36,600 students. Career Education Corporation was founded
in 1994 and is based in Schaumburg, Illinois.

Last Trade:  10.78                           52-Week Range:  12.59 -   6.55
Employees: 2,591                             Avg.Volume:     240,673 Shares

Corporate Governance:
Pillar scores are Audit: 5; Board: 2; Shareholder Rights: 3; Compensation: 1.
         (A lower number means less governance risk.)

EPS: -0.36    Dividend Amount: $%203.00          Yield:  0.00%
             Ex-Dividend Date: N/A             Payout Ratio:   0.00

Key Statistics:

    Trailing P/E: -29.78              Forward P/E (est.):  17.34
                                           Target Price:  13.00

Qrtly Stock Price Growth (yoy):  50.56%               Beta:   2.20
Qrtly S&P Index   Growth (yoy): -19.90%        Short Ratio:   4.30%
    Qrtly Revenue Growth (yoy):  19.09%         Shares Out:  69080000
   Qrtly Earnings Growth (yoy):   0.00%

          Book Value:   4.85                    Debt/Equity:   0.00%
    Price/Book Value:   2.22        Operating Profit Margin:   3.75%
         Price/Sales:   1.18                  Profit Margin:  -3.82%
         Market Cap:     742,576,000       Return on Equity:  -5.88%
    Enterprise Value:     578,980,000      Return on Assets:   2.79%

    Operating Cash Flow:    -34,900,000
         Free Cash Flow:     39,260,000



Annual Income Statement:                          (All numbers in thousands)
  Period Ending                             12/31/2016  12/31/2015  12/31/2014

  Total Revenue                                704,392     847,273     913,964
  Cost of Revenue                              235,100     289,777     323,259
  Gross Profit                                 469,292     557,496     590,705

Operating Expenses:
  Research & Development                             0           0           0
  Selling, General & Administrative            477,725     564,211     640,454
  Non-Recurring Expenses                         1,164      60,515      36,141
  Other Operating Expenses                      22,747      24,938      53,382
  Total Operating Expenses                           0           0           0

Operating Income or Loss                       -32,344     -92,168    -139,272

Income from Continuing Operations:
  Total Other Income/Expenses Net                1,562      -1,435         937
  Earnings Before Interest & Taxes             -30,782     -93,603    -138,335
  Interest Expense                                 584         835         491
  Income Before Taxes                          -31,366     -94,438    -138,826
  Income Tax Expense                           -16,550    -147,454       3,736
  Minority Interest                                  0           0           0

Net Income from Continuing Op.s                -14,816      53,016    -142,562

Non-recurring Events:
  Discontinued Operations                       -3,896      -1,131     -35,601
  Extraordinary Items                                0           0           0
  Effect of Accounting Changes                       0           0           0
  Other Items                                        0           0           0
  Net Income                                   -18,712      51,885    -178,163
  Preferred Stock & Other Adjustments                0           0           0

Net Income Avail to Common Shares              -18,712      51,885    -178,163



Annual Cash Flow Statement:                   (All numbers in thousands)
  Period Ending                         12/31/2016    12/31/2015    12/31/2014

  Net Income                               -14,816        53,016      -142,562

Operating Activities:
  Depreciation                              22,747        24,938        55,455
  Adjustments to Net Income                 17,761       -57,999        69,920
  Changes in Accounts Recv'bls               8,052        12,794        21,135
  Changes in Liabilities                       680       -41,215       -60,116
  Changes in Investories                     2,783         6,160        -1,877
  Changes in other Oper'g Acts             -27,399       -18,249       -24,978

Total Cash Flow f Operations                 5,912       -21,686      -118,624

Investing Activities:
  Capital Exenditures                       -4,129       -11,695       -13,156
  Investments                              -33,760         5,445       -94,080
  Other Cash Flows fr Investing              3,538        -1,741          -387

Total Cash Flows from Investing            -34,351        -7,991      -107,623

Financing Activities:
  Dividends Paid                                 0             0             0
  Sale of Purchase of Stock                    773         1,401         1,354
  Net Borrowings                            10,446         1,117          -374
  Other Cash Flows fr Financing                  0             0          -387

Total Cash Flows from Financing             11,219         2,518           980

  Effect of Exchange Rate Chg                 -192           246           156

Change in Cash & Cash Equiv.               -17,412       -26,913      -225,111



Annual Balance Sheets:                              (All Numbers in Thousands)
  Period Ending                          12/31/2016    12/31/2015    12/31/2014
Current Assets:
  Cash & Cash Equivalents                    59,479       116,740       116,770
  Short Term Investments                    147,681       114,901       122,858
  Net Receivables                            23,754        36,812        50,802
  Inventory                                   1,868         3,353         5,022
  Other Current Assets                       15,411        17,157        22,655
  Total Current Assets                      543,555       174,062       195,249

  Long-Term Investments                       3,055         3,958         3,916
  Property, Plant & Equipt                   40,512        58,249       115,604
  Goodwill                                   87,356        87,356        87,356
  Intangible Assets                           8,500         9,300        28,219
  Accumulated Amortization                        0             0             0
  Other Assets                               13,713        25,373        20,332
  Deferred LT Asset Charges                 158,272       137,716             0

Total Assets                                559,601       610,915       573,534

Current Liabilities:
  Accounts Payable                          132,629       101,626       100,158
  Current Portion LT Debt                         0        38,000        10,000
  Other Current Liabilities                  36,583        53,179        70,079
  Total Current Liabilities                 169,212       192,805        180,237

  Long Term Debt                            132,629       101,626       100,158
  Other Liabilities                               0        38,000        10,000
  Deferred LT Liab. Charges                  36,583        53,179        70,079
  Minority Interest                               0             0             0
  Negative Goodwill                               0             0             0

Total Liabilities                           253,312       227,378       291,601

Stockholder Equity:
  Misc. Options, Warrants                         0             0             0
  Redeemable Preferred Stock                      0             0             0
  Preferred Stock                                 0             0             0
  Common Stock                                  835           830           823
  Retained Earnings                         -76,230       -57,518      -109,403
  Treasury Stock                           -216,169      -215,606      -215,165
  Capital Surplus                           613,325       610,784       606,531
  Other Stockhohlder Equity                    -258          -880          -853
  Total Stockholder Equity                  321,503       337,610       281,933

Net Tangible Assets                         225,647       240,954       166,358



Career Education Corporation (CECO)         [Indices near +3.0, near zero,
                                            or < zero bear special attention.]
P/E Ratio Tests:
P/E Ratio < 28?           -0.9402          P/E Ratio > 5?             0.0000
P/E Ratio Vs Growth Rate:  0.0000          Forward P/E Ratio < 28?    1.6148
Price/Sales Ratio < 2.3?   1.9492          Inventory/Sales < 5%?      3.0000
Sales < $1 Billion?        1.4197          Operating Margin < 7.5%?   2.0000

Balance Sheet Tests:
Debt/Equity < 0.40?        1.0000          Long-Term Debt Service:    3.0000
LTD Being Reduced?         0.0000          Short-Term Debt Service:  -3.0000
Current Ratio > 2?         1.6061          Working Capital >= 1.5?    0.4732
Leverage Ratio < 20%?      3.0000          Debt/Assets < 1?           3.0000
Quick Ratio > 1?           3.0000          Inventory Turnover > 1?    0.0037
Share Equity Increase:     2.1498          Market Cap.< 1.5 Billion?  2.0200
                                           Intangibles < 3% Assets?   0.1751
Income Tests:
Profit Margin < 7.5%?     -0.5093          EPS Annual Growth > 10%?  -0.2773
Dividend Yield > 2.0%?     0.0000          EPS 3-yr Growth > 15?      1.4282
Enterprise Value/Revenue   1.0541          EPS Growth Consistent?     0.0000
Enterprise Value/EBITDA:  -3.0000          Collection < 45 days?      3.0000
EPS Qrtly Growth > 10%?    0.0000          Gross Pft/Cur. LTD > 1?    3.0000
                                           Borrowing Int. Rate < 6%?  3.0000
Stock Performance Tests:
Volatility > 25%?          1.9190          % Held by Insiders < 5%?   0.7657
Beta > 1.25?               1.7600          % Held by Institut. < 50?  0.6469
50 Da MA > 200 Da MA?      0.1614          % Held by Institut. > 30?  2.5763
52-Wk Change vs. S&P 500:  2.6485          Short Ratio > 5?           0.8600
Price/Book Value < 3?      1.3497          Short % of Float > 20?     0.0815
Return on Assets > 17%?    0.1641          Average Volume > 100,000?  2.4067

Cash Flow Tests:
Oper. C.F. > Lever'd C.F: -0.8889          Positive Free Cash Flow?   3.0000
Positive Oper. Cash Flow? -1.0000          Price to C.F.Ratio < 14?:  0.9706
                                           Cash Flow / Assets > 10%?  0.9200

CECO   Career Education Corporation        Overall Zenith Index:      1.0510


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Financial Statements

CAREER EDUCATION CORP  (CECO)               INCOME STATEMENT

Fiscal year ends in December.                        2012-12         2013-12         2014-12         2015-12         2016-12             TTM           

Revenue                                        1,489,268,992   1,057,360,000     741,358,016     847,273,024     704,392,000     631,211,008
Cost of revenue                                  571,169,024     406,284,992     240,796,000     289,776,992     235,100,000     192,079,008
Gross profit                                     918,099,968     651,075,008     500,561,984     557,496,000     469,292,000     439,132,000


Operating expenses
Sales, General and administrative                894,185,024     774,432,000     520,360,992     564,211,008     477,724,992     456,836,000
Other operating expenses                         207,664,992      91,327,000      52,917,000      85,453,000      23,911,000      20,024,000Total operating expenses                       1,101,849,984     865,758,976     573,278,016     649,664,000     501,636,000     476,860,000

Operating income                                -183,750,000    -214,684,000     -72,716,000     -92,168,000     -32,344,000     -37,728,000
Interest Expense                                     271,000       1,354,000         491,000         835,000         584,000         458,000
Other income (expense)                             2,309,000      -5,302,000         703,000      -1,435,000       1,562,000       2,157,000
Income before taxes                             -181,712,000    -221,340,000     -72,504,000     -94,438,000     -31,366,000     -36,029,000
Provision for income taxes                       -46,806,000     -19,672,000       3,736,000    -147,454,000     -16,550,000     -15,759,000
Net income from continuing operations           -134,906,000    -201,668,000     -76,240,000      53,016,000     -14,816,000     -20,270,000
Net income from discontinuing ops                 -7,890,000      37,405,000    -101,923,000      -1,131,000      -3,896,000      -3,829,000
Net income                                      -142,796,000    -164,263,008    -178,163,008      51,885,000     -18,712,000     -24,099,000
Net income available to common shareholders     -142,796,000    -164,263,008    -178,163,008      51,885,000     -18,712,000     -24,099,000

Earnings per share
Basic                                                  -2.15           -2.46           -2.65            0.76           -0.27           -0.35 
Diluted                                                -2.15           -2.46           -2.65            0.76           -0.27           -0.36 

Weighted average shares outstanding
Basic                                             66,475,000      66,738,000      67,173,000      67,860,000      68,373,000      68,644,000
Diluted                                           66,475,000      66,738,000      67,173,000      68,328,000      68,373,000      69,354,496

____________________________________________________________________________________________________________________________________________


CAREER EDUCATION CORP  (CECO)               BALANCE SHEET

Fiscal year ends in December.                        2012-12         2013-12         2014-12         2015-12         2016-12             

Assets

Current assets

Cash

Short-term investments                            63,876,000      31,592,000     122,858,000     114,901,000     156,278,000
Total cash                                       304,436,000     350,535,008     216,690,000     181,820,000     205,784,992

Receivables                                       68,940,000      34,650,000      24,564,000      31,618,000      22,825,000
Inventories                                        8,575,000       6,741,000       3,305,000       3,353,000       1,868,000
Deferred income taxes                              7,092,000       3,606,000               0               0               0
Prepaid expenses                                  44,440,000      20,750,000      14,679,000      14,380,000      14,446,000
Other current assets                             110,078,000      43,735,000     121,566,000      57,792,000       3,269,000
Total current assets                             543,561,024     460,016,992     380,804,000     288,963,008     248,192,992

Non-current assets

Property, plant and equipment
Gross property, plant and equipment              776,019,968     681,571,968     399,479,008     507,164,992     421,927,008
Accumulated Depreciation                        -498,448,992    -499,176,000    -326,396,000    -448,916,000    -381,415,008
Net property, plant and equipment                277,571,008     182,396,000      73,083,000      58,249,000      40,512,000

Goodwill                                         133,025,000      87,356,000      87,356,000      87,356,000      87,356,000
Intangible assets                                 61,681,000      40,117,000       9,819,000       9,300,000       8,500,000
Deferred income taxes                             48,070,000      10,644,000               0     137,716,000     158,272,000
Other long-term assets                            58,795,000      24,515,000      22,472,000      29,331,000      16,768,000
Total non-current assets                         579,142,016     345,028,000     192,730,000     321,952,000     311,408,000

Total assets                                   1,122,702,976     805,044,992     573,534,016     610,915,008     559,601,024 

Liabilities and stockholders' equity

Liabilities

Current liabilities
Short-term debt                                            0               0      10,000,000      38,000,000               0
Capital leases                                    80,211,000               0               0               0               0
Accounts payable                                  38,440,000      24,651,000      21,968,000      25,906,000      10,099,000
Taxes payable                                              0      14,994,000       1,633,000       1,061,000       1,830,000
Accrued liabilities                              112,200,000      95,046,000      64,147,000      74,659,000     120,700,000
Deferred revenues                                112,038,000      61,131,000      37,572,000      40,112,000      28,364,000
Other current liabilities                          9,826,000      11,610,000      65,863,000      13,067,000       8,219,000
Total current liabilities                        352,715,008     207,432,000     201,183,008     192,804,992     169,212,000

Non-current liabilities
Deferred revenues                                 95,164,000      83,843,000      48,381,000      45,927,000      30,713,000
Other long-term liabilities                       63,034,000      58,386,000      42,037,000      34,573,000      38,173,000
Total non-current liabilities                    158,198,000     142,228,992      90,418,000      80,500,000      68,886,000

Total liabilities                                510,912,992     349,660,992     291,600,992     273,304,992     238,098,000 

Stockholders' equity

Common stock                                         816,000         819,000         823,000         830,000         835,000
Additional paid-in capital                       596,825,984     600,904,000     606,531,008     610,784,000     613,324,992
Retained earnings                                232,920,992      68,658,000    -109,403,000     -57,518,000     -76,230,000
Treasury stock                                  -213,988,000    -214,494,000    -215,164,992    -215,606,000    -216,168,992
Accumulated other comprehensive income            -4,785,000        -503,000        -853,000        -880,000        -258,000
Total stockholders' equity                       611,790,016     455,384,000     281,932,992     337,609,984     321,503,008
Total liabilities and stockholders' equity     1,122,702,976     805,044,992     573,534,016     610,915,008     559,601,024

____________________________________________________________________________________________________________________________________________


CAREER EDUCATION CORP  (CECO)               Statement of CASH FLOW

Fiscal year ends in December. USD.                   2012-12         2013-12         2014-12         2015-12         2016-12             TTM           

Cash Flows From Operating Activities
Net income                                      -142,796,000    -164,263,008    -178,163,008      51,885,000     -18,712,000     -24,099,000
Depreciation & amortization                       81,813,000      73,150,000      55,455,000      24,938,000      22,747,000      18,762,000
Investment/asset impairment charges              127,007,000      22,691,000      36,209,000      60,515,000       1,164,000         927,000
Deferred income taxes                            -42,014,000      58,087,000      14,250,000    -145,807,008     -18,087,000      -9,343,000
Stock based compensation                           9,687,000       6,699,000       4,277,000       2,857,000       3,237,000       4,172,000
Accounts receivable                              -57,908,000     -39,766,000     -10,531,000     -22,477,000     -22,108,000               0
Inventory                                         16,244,000      40,257,000      -1,877,000       6,160,000       2,783,000               0
Accounts payable                                 -11,984,000      -8,463,000        -830,000       2,539,000     -16,264,000               0
Accrued liabilities                              -19,473,000      -4,885,000     -52,972,000     -31,104,000      28,691,000               0
Other working capital                            -17,748,000      24,883,000         374,000       4,372,000      -8,986,000     -57,348,000
Other non-cash items                              40,374,000     -94,194,000      15,184,000      24,436,000      31,447,000      32,028,000
Net cash provided by operating activities        -16,798,000     -85,804,000    -118,624,000     -21,686,000       5,912,000     -34,901,000

Cash Flows From Investing Activities
Investments in property, plant, and equipmen     -37,944,000     -19,636,000     -13,156,000     -11,695,000      -4,129,000      -4,305,000
Acquisitions, net                                 -1,721,000     154,291,008               0               0               0               0
Purchases of investments                        -147,084,992     -40,842,000    -159,000,000     -94,728,000    -160,590,000    -211,988,992
Sales/Maturities of investments                  246,464,000      73,070,000      64,920,000     100,173,000     126,830,000     237,980,000
Other investing activities                        -1,359,000         -17,000        -387,000      -1,741,000       3,538,000         200,000
Net cash used for investing activities            58,355,000     166,866,000    -107,623,000      -7,991,000     -34,351,000      21,886,000

Cash Flows From Financing Activities
Debt issued                                       80,000,000               0      10,000,000      38,000,000               0               0
Debt repayment                                    -1,162,000     -80,210,000               0     -10,000,000     -38,000,000               0
Common stock issued                                1,599,000         998,000       1,354,000       1,401,000         773,000       2,954,000
Common stock repurchased                         -56,431,000               0               0               0               0               0
Other financing activities                      -103,696,000      85,315,000     -10,374,000     -26,883,000      48,446,000      47,865,000
Net cash provided by (used for) financing        -79,690,000       6,103,000         980,000       2,518,000      11,219,000      50,819,000

Effect of exchange rate changes                   -1,837,000      -8,844,000         156,000         246,000        -192,000        -123,000
Net change in cash                               -39,970,000      78,321,000    -225,111,008     -26,913,000     -17,412,000      37,681,000
Cash at beginning of period                      280,592,000     112,884,000     318,943,008      93,832,000      66,919,000      51,038,000
Cash at end of period                            240,622,000     191,204,992      93,832,000      66,919,000      49,507,000      88,719,000

Free Cash Flow
Operating cash flow                              -16,798,000     -85,804,000    -118,624,000     -21,686,000       5,912,000     -34,901,000
Capital expenditure                              -37,944,000     -19,636,000     -13,156,000     -11,695,000      -4,129,000      -4,305,000
Free cash flow                                   -54,742,000    -105,440,000    -131,780,000     -33,381,000       1,783,000     -39,206,000
____________________________________________________________________________________________________________________________________________




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Average to Current P/E Ratios
              (CECO)       Career Education Corp.

                               2012    2013    2014    2015    2016

          Annual Earnings:    -2.15   -2.46   -2.65    0.76   -0.27
Average Price During Year:     6.15    3.13    5.73    4.49    5.63

                P/E Ratio:     2.86    1.27    2.16    5.91   20.84

 Average 5-Year P/E Ratio  =   6.61
             Current Price =  10.68

Previous 5 Quarter Earnings:   0.17   -0.01   -0.48    0.07    0.06

           Current Annualized (Last Four Quarters) Earnings = -.35
                                                           ________
                                 Average PE / Current PE =    -0.22
                                                           --------

                                      ...a number above 1.00 is good
                                                1.00 or below is bad


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Financial Ratios

. . . . . . . . . . . . Lowest to Highest, Compared to Industry



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Market Grader

900
901 902 903 904 905 906 907 908 909 910



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Intrinsic Value (DCF)

Intrinsic Value by Discounted Cash Flow Method:

Intrinsic Value



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Book Value

Tangible Book Value:

Book Value



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Projected Earnings

Earnings Estimates
Earnings Estimates



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Research Reports

Click Here for Research Reports



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Analysts' Opinions

Analysts' Opinion 1
Analysts' Opinion 1
Analysts' Opinion 1
Analysts' Opinion 1
Analysts' Opinion 2



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Insider Activity

Insiders Chart Insider Trades
Insider Trades
Executive Compensation Executive Compensation



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Institutional Activity

Institutional Orders to Buy or Sell:

institutions 1
Ownership:

institutions 2


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Sentiment

sentiment

Zenith uses the "sentiment" score above or below 50 to award a positive or negative point in the Decision Matrix.

sentiment sentiment sentiment



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Short Interest Ratio

As the short interest rises as a percentage of average daily share volume (Days to Cover), this is considered a measure of negative sentiment. Similarly, a decrease in that percentage is considered positive sentiment.

short interest short interest


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Standard & Poor's

S&P Stock Report (Requires Adobe Acrobat Reader)



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Management's Discussion of Results of Operations Excerpts

Click Here for Management's Discussion Excerpts



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Moving Average Chart



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Right Time Study



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Channeling Potential

 
The summary below includes a value for `Degree,' which refers on a
scale of 1 to 10 the range of a channel in the period under consi-
deration compared to the total range of price movement. It also looks
for the last closing price to be within the channel, otherwise zeroed.
The `Index' is the `Degree' weighted for volatility.  Generally, the
the higher the index, the more suitable is the stock for trading as
a `rolling stock' between channel high and low points.

Results for CAREER EDUCATION CORP.:
Symbol? CECO
Total Months Available:  46
       Months in Cycle?   4

Months Covered by Periods:  12

Period 1           Period 2          Period 3
   H1      L1        H2      L2        H3      L3
  10.53    6.55     12.59    7.62     10.94    8.10

RANGE   =  12.59  TO    6.55            Close =  10.75
CHANNEL =  10.53  TO    8.10           Degree =   4
Volatility =  22.60%                    Index =   9
Channel Chart



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MACD Histogram Divergence

The theory is that connecting the two most recent peaks or valleys of the MACD histogram will signal the direction of the next major move.



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Intraday Chart

2 Days:



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Val Idea

3 out of 8 favorable, (negative opinion.)

Val Idea
Val Idea


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Stock Consultant

Stock Consultant Stock Consultant



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Point & Figure Chart

P & F Chart


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Wall Street Analyzer




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Marketspace Chart

Marketspace Chart



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Time Series Forecast

Time Series 1 Time Series 2


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Neural Network Prediction

"Neurostock" can only track long trades. Therefore its performance, as tracked by itself on stocks which are consistently falling, may not appear as good as it could if each "sell" signal were a "short sale."

Neural Chart
Heading
Neural Trades Neural Prediction



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Ultimate Trading Systems

2 out of 3 of the ultimate systems favor an upmove.


System Below:
Short term outlook: Positive: Bright Green, Negative: Bright Red
Long term outlook: Postive: Dark Green, Negative: Dark Red.




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Recommendation

Decision Weighting Factors
FactorsWeighted Points
News + 1
Comparison - 1
Industry + 1
Bond Issue 0
Zenith Index - 1
Non-GAAP vs. GAAP Earnings - 1
Cash Flow + 1
Average to Current P/E - 1
Ratios - 1
Market Grader - 1
Intrinsic Value DCF - 1
Tangible Book Value - 1
Projected Earnings + 1
Research Reports - 1
Analysts - 1
Executive Perquisites - 1
Insider Activity - 1
Institutional Activity + 1
Management Reporting + 1
Short Interest + 1
Sentiment + 1
Standard & Poor's + 1
Moving Average - 1
Right Time Study + 1
MACD Histogram Divergence + 1
Val Idea - 1
Stock Consultant + 1
Point & Figure + 1
Wall Street Analyzer + 1
Marketspace Chart + 1
Time Series Chart - 1
Neural Network - 1
Stock Options + 1
Ultimate Trading Systems + 1
Total + 1
Place 2,800 shares of Career Education Corporation (CECO) on the Active List.