Much has been said over the last week regarding apollo and the manner in which they deal with their drops.

A complaint alleges that with regard to students who dropped from their courses shortly after enrolling, University of Phoenix improperly returned the entire amount of the students’ federal loan funds to the lender.  Therfore improperly inflating their default rate.

While I disagree with the practice, I do not believe its a door closer… and it’s not another EVCI

others however are much more bearish.

By far the most bearish viewpoint are:

Citron: http://www.citronresearch.com/index.php/2009/01/15/citron-comments-on-apollo-part-2-revenge-of-the-analysts/

and

Seeking alpha: http://seekingalpha.com/article/114648-apollo-group-s-strong-earnings-are-misleading

What do you think?