Career Education

Herb Greenberg points out that the president of Career Education's (CECO) online education division has recently sold a number of shares at a high rate. Similar insider selling can be found at Corinthian Education (COCO), one of the firm's main competitors. As Herb says, both companies are in an industry that is currently under major regulatory scrutiny. As some of you know, I've not be a big fan of this industry for some time now. Back in March I closed out a short in my trading portfolio in CECO for a small loss, but seeing the stock on the new 52-week high list, and I'm starting to take another look and you should too!