June 16, 2003 Whitman Education Group (WIX)
It is late and the market is closed. A last glance at the largest advancers includes checking the AMEX. I found one here in the educational market, an are that has been fairly strong recently.

Whitman Education Group (WIX)"operates degree and non-degree granting proprietary schools devoted to career training primarily in the medical, technical, and business fields."

WIX had a nice day today closing at $14.89 up $.83 or 5.90% on the day. I do not own any shares of this company nor do any members of my family.

On May 30, 2003, WIX reported their fourth quarter results: (for the fourth fiscal quarter ending March 31, 2003) revenue increased 17% to $30.1 million compared to $25.7 million in last year's fourth quarter. Net income for the quarter increased to $2.8 million or $.17/share compared with $1.1 million or $0.08 per diluted share for the same period last year.

Morningstar shows that this growth has been consistent even back to 1998 when revenue was $60.3 million, $74.0 million in 1999, $77.6 million in 2000, $79.6 million in 2001, $91.9 million in 2002, and $105.4 million in the trailing twelve months.

Free cash flow has been improving, although dropping from a positive $5 million in 2000 to $1 million in 2001, it was back up to $12 million in 2002.

Assets and liabilities are weighted heavily in favor of assets with $48.7 million in cash and other current assets compared to a total of $41.4 million in current AND long-term liabilities combined.

This is a small company with only a $230 million market cap. They have a trailing p/e of 30.39 and do not pay a dividend.

If you are looking for a stock investment in this area, this is a very nice looking company both on technical and fundamental grounds.

Happy investing everyone. Again, please drop me a line at bobsadviceforstocks@lycos.com if you have any questions, comments, or just want to share some words of encouragement! Thanks for stopping by.

Bob