Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

ThinkEquity Ups Career Education to 'Strong Buy'

ThinkEquity upgraded Career Education (CECO) to strong buy from overweight.

On Monday the company said its Gibbs College/Montclair campus is in receipt of a wrongful termination suit. Analyst Trace Urdan says the specific risk of the issue brought by the lawsuit is very small and finite. He notes the shares dropped more than 13% Monday on the news. He sees no widespread fraud or misrepresentation.

Urdan says all relevant metrics (default rates, placement rates, bad debt) are healthy, and show no evidence that the company is shoving people out the door without proper education. He sees $1.14 2003 earnings per share, and $1.49 earnings per share in 2004.

blog comments powered by Disqus