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Global Education Communities Corp T.GEC

Alternate Symbol(s):  GECSF

Global Education Communities Corp. is a Canada-based education and student housing investment company. The Company is focused on the domestic and global education market. The Company operates business and language colleges, student-centric rental apartments, recruitment centers and corporate offices at 41 locations in Canada and abroad. Its education subsidiaries include Sprott Shaw College Corp., Sprott Shaw Language College, Vancouver International College Career Campus, and CIBT School of Business & Technology Corp. It offers over 150 educational programs in healthcare, business management, e-commerce, cyber-security, hotel management, emergency paramedic, and language training through these schools. It owns Global Education City Holdings Inc., an investment holding, and development company focused on education-related real estate. It also owns Global Education Alliance Inc. and Irix Design Group Inc. It serviced over 14,277 domestic and international students.


TSX:GEC - Post by User

Comment by parahyangamon Jul 04, 2023 1:27pm
241 Views
Post# 35526019

RE:RE:WORTHLESS

RE:RE:WORTHLESSGiven that 8 - 9% annual returns on student housing portfolios is considered the industry average,

where are the thousands of beds "owned" by GEC?

GEC has been in business for at least 30 yrs. and has a thin operating margin on its non-real estate assets. Small time stuff. Bush league. 

GEC has promised grandiose projects for years which have NOT materialized.

Now we are to believe GEC is a student housing rental titan. Just like that. Out of nowhere. Poof the magic dragon.

Cobbled up thousands of units in a markedly inflated housing market.

Using what? Credit lines? LLPs?

Come on, MAN! Get serious.



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