November 1, 2005
SpeculatingStocks.com Stock Pick: EVCI Career Holding Corp. (EVCI)
Stock Price: $2.50 (short-term strong buy)
EVCI is the holding company for Interboro Institute, Technical Career Institutes, Inc. (TCI) and the Pennsylvania School of Business (PSB) through which they provide on-campus career college education.
EVCI recently dropped from the $6.00 level to around its current price on October 20th after reporting the day before that their Interboro Institute received a Draft Report of Compliance Review. This issue is expected to be resolved by November 7.
We expect the stock price to correct over the next few days as corrections are made on Interboro's part. EVCI is profitable and generated revenue of $33 million last year. Right now, EVCI has a market cap of only $31 million.
SpeculatingStocks.com Target Price: We expect EVCI to reach $3.50 within the next two weeks.