Some thoughts and links

1. Perdoceo (link) 
• Market cap: 817M
• EV = 341M
• Enterprise multiple = 3 ~ 4.1
• Positive and growing operating cash flow from 2018~2020
• No dividend
• Small buyback amount compared with cash/short-term investment held
• "Regulatory requirements and extensive interpretation" from new government is the major business risk.
• Insiders keep selling at 11~13 is a big warning. Total amount of shares held by insiders is less than 1% which means interests are not well aligned btw managers and shareholders.
2. Special situation - New Frontier Hospital (link)
3. 振樺電 (link)
4. 癌症精準醫療 (link) (link) (link)
5. Invest 50% in Twitter (link)