Education Management – Profits Taken On This For-Profit Education Company

Back on January 10, 2011, I added Education Management (EDMC) to my inMessment Game portfolio. I added this stock not as a long term investment but because I saw an opportunity twice and I decided to act on it the second time.

In just 50 days, the stock rose about 36%. On March 1, I decided to take my profits on EDMC. I bought at a share price of $13.91. I sold it at a share price of $19.24.

I probably could have held onto the stock longer but since my goal was not long-term I went ahead and took the profits. I bought 72 shares for a total cost of $1011.51, with the trade commission of $9.99. I sold all 72 shares and with another commission of $9.99, netted $1375.29. A total profit of $363.78.

This is not big money is it? But 36% is a nice return in a short time.

My goal is not to get rich quick. My goal is to learn as much as I can about how the stock market works and, over time, make my money grow.

I will continue to watch EDMC and other for-profit education companies. Here is my watch list of 10 for-profit education companies. This is sorted by Market Cap. The Last price is as of close on March 2, 2011.

Name Symbol Last price Mkt cap Volume
DeVry Inc. DV 54.27 3758 462818
Education Management Corp EDMC 19.71 2671 224477
ITT Educational Services, Inc. ESI 75.4 2265 290903
Strayer Education, Inc. STRA 143.39 1903 181140
Career Education Corp. CECO 24.15 1868 586248
Bridgepoint Education, Inc. BPI 19.16 1001 577628
Capella Education Company CPLA 57.59 939 230499
Grand Canyon Education Inc LOPE 16.46 753 408723
Corinthian Colleges, Inc. COCO 5.24 443 2970927
Lincoln Educational Services Corporation LINC 16.11 357 612846

If you would like to see my other holdings, please Join the inMessment Game. It is completely free and we can learn to invest together.

DISCLAIMER
This and other articles on this blog are for entertainment purposes. I am doing the best I can but I am still very much in a learning process. These posts are an effort to share this learning process only and should not be considered financial advice.

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