Analyst Review on Corinthian Colleges and Career Education - Hard Times Likely to Persist for Education and Training Services
14 Novembre 2012 - 3:00PM
Marketwired
Today's Free Analyst Review -
Corinthian Colleges
Inc. (NASDAQ: COCO) and
Career Education
Corp. (NASDAQ: CECO)
While some succeeded in exceeding analysts' expectations, for
the education and training services industry, within which
Corinthian Colleges Inc. and Career Education Corp. operate, the
third quarter was generally characterized by year-over-year
declines. Early in the recession the industry boomed as people
turned to education to enhance the chances to be employed. However,
more recently, enrollment figures have been dropping and stubbornly
high unemployment rates seem to be stunting any chance of recovery.
Street-Wire.com posted free reports on Corinthian
Colleges Inc. and Career Education
Corp., which are available at http://www.street-wire.com/
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The industry currently seems focused on cost-control. Many are
reporting location closures, restructuring initiatives and
workforce cuts as they look to enhance efficiency and maintain
profitability. Others are also investing in marketing and brand
awareness in an effort to revive enrollment, as well as making
strategic investments into high demand programs with good job
prospects, such as nursing. Our financial analysis on Career
Education Corp. can be accessed at
http://www.street-wire.com/CECO14112012.pdf
Recently, tightening federal restrictions on recruitment and
student loan requirements have posed an additional challenge. The
re-election of Obama indicates that for-profit education companies
will continue to face added scrutiny and have to meet certain
performance targets in order to maintain access to federal student
loans. Corinthian Colleges financial analysis available at
http://www.street-wire.com/COCO14112012.pdf
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