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.
