Apollo pre-announced results fiscal 2Q10 results, lowers estimates
Apollo pre-announced results fiscal 2Q10 results, with EPS from continuing operations lower than our and the consensus estimate. 2Q10 EPS from continuing operations is expected to be $0.77-0.82 versus the consensus estimate of $0.94.
The pre-market announcement apparently is due to
1) higher than expected bad debt expense,
2) greater than expected investments in BP Holdings, the European [...]
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Apollo Group, Inc. Resolves University of Phoenix False Claims Act Case Agreement Provides for $67.5 Million Payment, Plus Attorneys Fees
PHOENIX–(BUSINESS WIRE)–Dec. 14, 2009– Apollo Group, Inc. (NASDAQ: APOL) (the “Company”) today announced that it has entered into an agreement with the United States of America, acting through the U.S. Attorney’s Office for the Eastern District of California and the U.S. Department of Justice on behalf of the U.S. Department of Education, and with two [...]
Security Analyst Faults Barron’s Cover Story on For Profits
Security Analyst Faults Barron’s Cover Story on For Profits:
A cover story (http://online.barrons.com/article/SB125755384448934953.html#articleTabs_panel_article%3D1%26articleTabs%3Darticle) this week in Barron’s takes aim at for-profit colleges and universities, saying student graduation rates and default rates are worse than those at traditional colleges, and that student dropout rates are as high as those at public universities.
”For-profit schools like to blame dropouts [...]
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EDU stocks continue to get hit
Clearly the EDU stocks are continuing to get hit. Apol is leading the downward trend, but the others are following. Many of the analysts I speak with are still concerned about pending legislative changes… Thought they all agree that for the most part on the state level the for-profits are welcomed, but at the federal/national [...]
Apollo Group gets hammered due to SEC inquiry!
Apollo group is getting hammered today due to its announcement of the SEC inquiry yesterday. I would have to agree with JPM & Piper Jaffray’s view on this and believe the market is once again over reacting to EDU news… Their EPS & Enrollment are above expectations & their retention has continued to improve. In addition [...]
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Is the growth in EDU demand starting to slow?
Some very interesting data coming in which may lead to the conclusion that the growth rates may be slowing. While the industry is still growing and at rates which would make most extremely happy, the percentage growth may be showing some signs that it’s leveling out a bit.
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EDMC has strong IPO
EDMC as expected has a strong coming out party with its IPO up almost 25%. Will be fun watching them grow. Strong Management team and solid brands…need to start ramping their online business, I am sure they are working on it.
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 [...]
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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
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July Search Volume bangs back…
July, usually one of the slowest months for leads and consumer demand once again bucked the trend and was dominant. Check out the stats
You can see that July was actually the stongest month for a number of terms
