Global Education Communities Corp T.GEC

Alternate Symbol(s): GECSF

Consumer Defensive Education & Training Services

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

Global Education Communities Corp

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Post by TickBombon Dec 11, 2018 7:49am

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Post# 29095614

Cash on the Balance sheet

Is not 100% CIBT's I believe. A good chunk belongs to the minority holders of the JV afte the VIVA sale. Remember the balance sheet has taken on 100% of the assets and debts of each JV and added a non-controlling minority ownership accoring to the partners ownership %. So they can't deploy that capital to buy back shares etc.

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