Jim Cramer Calls Lincoln Educational a "Pretty Expensive Stock"

Lincoln Educational Services Corporation (NASDAQ:LINC) is one of the stocks that Jim Cramer spoke about. Responding to a caller’s query about the company, Cramer said:

“Oh, it’s a pretty expensive stock. I like the concept, but it’s up 44%. We got to wait to have it come in.”

Lincoln Educational Services (NASDAQ:LINC) provides career-focused postsecondary education as it offers programs in automotive technology, skilled trades, health sciences, and information technology. On July 7, when a caller asked if the stock is a good long-term investment, Cramer replied:

“Yes, I do. Actually, I do, and I’ve been thinking about that myself all weekend. That’s where you want to be.”

The company is expected to release its Q2 earnings on August 11. In Q1, based on the results, the company had raised its full-year guidance. Lincoln Educational Services (NASDAQ:LINC) raised its revenue estimates from $480 million – $490 million to $485 million to – $495 million and net income from $8 million – $13 million to $10 – $15 million.

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Disclosure: None. This article is originally published at Insider Monkey.