Thread regarding ITT Educational Services Inc. layoffs

Why are the Zhang's continuing to buy into ITT Tech?

Why do you think the Zhang's continue to buy into ITT Tech (ESI)? Some possibilities:

() for ESI's real estate (not likely, given the company's debt obligations)

() the price seems like a bargain (possible, given current cash flow)

() to get lesser performing Chinese students visas (possible, especially during unstable times in China)

() to move money out of China

() to turn ITT Tech around (given that the elder Zhang has experience with vocational schools)

It doesn't look like a passive investment to me.

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| 1252 views | | 3 replies (last July 26, 2016) | Reply
Post ID: @OP+Iy7IquQ

3 replies (most recent on top)

@NotAnInvestor, I cannot imagine pumping and dumping $3M+ shares, but I suppose it's possible. But I do imagine that people will be asking Nicole Elam and Yude Zhang questions soon. What will they say?

Does anyone actually analyze ESI anymore? Supposedly, there are people at Barrington Research and Piper Jaffray.

http://finance.yahoo.com/quote/ESI/analysts

http://www.nasdaq.com/symbol/esi/recommendations

http://www.financial-market-news.com/analysts-issue-forecasts-for-itt-educational-services-inc-s-q2-2016-earnings-esi/1090544/

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Post ID: @1zpy+Iy7IquQ

I was just looking at charts after seeing your post....it's up 20% since mid-June when the accrediting issues hit the fan, so that is a decent return if they are pumping and dumping.

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Post ID: @1keu+Iy7IquQ

Money laundering

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Post ID: @biq+Iy7IquQ

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