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

Markets & Finance

JP Morgan Cuts Career Education

JP Morgan cuts Career Education (CECO) to neutral from overweight.

Analyst Bradley Safalow says his downgrade is based on view that onsite enrollment growth could continue to slow, bad-debt expense levels could remain inflated, and the lack of closure on potential finding of accounting problems by Special Committee could be an overhang.

He notes during the quarter, the company took a $18.9 million charge to boost allowance for doubtful accounts. While he was hopeful these charges would bring some closure to any potential accounting issues, at this stage he cannot says that with certainty.

Safalow says he exits the fourth-quarter results with more questions than answers.

blog comments powered by Disqus