February 5, 2012

EDMC pending IPO has created some excitement!

EDMC, Education Management Corp. planned IPO is getting lots of attention.  It may get frothy…  EDMC has some stellar holdings:

Art Institutes: with a focus on design, fashion, culinary & medical has achieved a significant brand in the market

Argosy: which focuses on Education, psychology, business, health & behavioral sciences also a strong brand with real credit to its quality & reputation.

Brown Mackie: really the career education focused division also has a strong history in accounting, business, criminal justice, tech, healthcare & legal keep them in the loop with the lower level degree programs even though they offer diploma, certs, assoc & bach

South: with it’s 100 year history & 5 locations really is an ongoing push for them as the online play has continued to move forward and gain ground.  Not yet a big boy, but clearly the management has the experience to take it to the next level.

Western State Univ. its little law school in Cali, may prove to be a future are of growth.

The EDMC group has brought together a strong management team who have done it before and hope to do it again.  They have the necessary tools & soon the resources.  It should be a nice one to watch.

BMO Back to School conference was a full house!

It was great to see the crowded halls & conference rooms at the BMO Back to School conference in NYC yesterday.  Jeffrey Silber & group attracted a full house of who’s who from both the EDU crowd & the financials who are interested in them.  Over 800+ people registered for this event and it sure packed the conference with plenty of energy.  Lots of great sessions & speakers all of which couldn’t have been more positive on what’s going on within the industry.  One of the best comments was when a panel was asked “what scares you” in connection with compliance and the growth of the industry.  Dr. Michael Clifford answered:  He mentioned that the experienced operators are not the problem.   What scares me is that there are just so many firms and so much money looking to go into this industry that he feared an inexperienced operator funded by one of the many firms looking to get into the industry, could besmirch the image of the industry as a whole.  Overall the conference was a hit, and clearly a strong indication of how the industry is doing.

August search volume still strong, but not as expected

August search volume was strong, but it did not exceed expectations.  August, which for the last 4 years was the strongest volume month YTD did not deliver on that expectation.  While the volume was still strong  as for year over year growth, it did not top the previous months of 2009.  August usually tops Jan thru July as it has for the last 4 years.

BMO Back to School Conference..dont miss it!

Senior Research Analyst Jeff Silber will lead this annual investor conference, showcasing leading companies in the for-profit education industry.  It’s a whose who in ForProfit EDU, in NYC Sept. 17th

click here to register: http://www.bmocm.com/conferences/2009backtoschool/default.aspx

208