Apollo Group (NASDAQ:APOL): Color On News - Overreaction?

Wed, 28 Oct 2009 12:39:56 GMT

Apollo Group (NASDAQ:APOL) is under pressure this morning after announcing its results and yet another SEC inquiry into its revenue recognition practices:[More...]

Q2 Growth Report - Part 1

Tue, 01 Sep 2009 03:48:21 GMT

Today's Wall Street Journal had an article that asked the question "Can Rally Run without Revenue?" Is the revenue situation really that bad? Let's take a quick look at some the data compiled through the Alert HQ process. After each quarter's earnings season, I try to pull together what I am now calling the Growth Report. Part 1 compiles the list of stocks that have shown a year-over-year increase in both revenue and earnings AND a sequential quarter-over-quarter increase in both revenue and earnings. Given the severity of the economic downturn, very few companies have been able to to pull off this trick. The following table presents a comparison of the last two quarters: [More...]

Apollo Group: Industry Bellwether Continues Exceptional Growth

Tue, 30 Jun 2009 18:39:30 GMT

The for-profit education business has enjoyed a nice run as unemployment rates continue to rise ever higher. The largest of the sector is Apollo Group (APOL), owner of The University of Phoenix. Apollo reported earnings after the close on Monday which handily beat what the street had expected. Third quarter profit rose to $201.1 million, or $1.26 per share, from $139.1 million or 85 cents per share. Revenue topped a billion ($1.05B) from $835.2 million last year, up 26%. Clearly, the current operating environment has propelled the online educator to substantial enrollment growth. The earnings beat was not unexpected as analysts have been raising estimates for this quarter over the past few months. Shares are trading about 9% higher in Tuesday mid-day trading, which is in contrast to the broad market indices[More...]

Education Stocks Are About To Collapse

Wed, 15 Apr 2009 14:15:06 GMT

Most investors like to pick stocks they think will rise. Short sellers pick stocks they think will fall. Enron is Chanos' most famous short sale. Chanos knew Enron was a broken company before the stock market. His "short sale" of Enron made a fortune when the stock collapsed... and made him famous on Wall Street. Jim Chanos is a smart guy and he's made a lot of money for his investors. Here at DailyWealth, we always pay attention to his investment ideas... as they are almost always profitable. Right now, Jim Chanos is selling short the for-profit education business. "Kids are graduating from these schools," Chanos says, "with associate and bachelor degrees... and running up $30,000... $40,000... $50,000... $60,000 in debt. In many cases, the cost of these diplomas is the[More...]

Market Commentary (02-02-09)

Tue, 03 Feb 2009 13:28:00 GMT

Bloomberg had this article out about how the U.S. housing market lost $3.3 trillion in 2008 AND that 1 in 6 people with mortgages are underwater, or 17%. It's not getting any better. We have pending home sales coming out today at 10:00AM - consensus 82.3 (range: 78.2 to 84, previous actual: 82.3). I'll be really surprised if pending sales remained "unchanged". Motor vehicle sales are also coming out (total consensus: 7.7M (range:7.3M to 8.1M, previous actual: 7.7M). This is another consensus estimate where it is also "unchanged". Whatever. You see, [More...]

54 Stocks Returning 15%+ in January

Sun, 01 Feb 2009 18:18:00 GMT

As we exit the worst January ever, I thought it would be interesting to take a look at the best performers of the past month. Before we do, courtesy of Dshort.com this is a chart that has been passed around a lot in the investing community so I thought I'd share it. Two ways to read this - of the 4 great bear markets the past 100 years, 3 "ended" roughly where we are now... about a 50% loss in value from peak. That's the bullish view i.e. "can't get worse than this" and if we fall to S&P 750 (November lows) but never break through they will be correct. The bearish view is - the 4th bear market ended in a 90% drop, and if you plot the velocity of the decline, what happened to us in Sep - Nov caused us to be in lockstep with the worst of the 4. I'm not calling for a 90% drop[More...]

Stocks Fall, Recessions Abound… Education Stocks Go Up!

Tue, 13 Jan 2009 15:54:00 GMT

You know, in every environment there is something that prospers….even in recessions. However, many times people just think of defensive stocks like make up companies or alcohol or cigarette companies, food companies, etc. However, when stocks tank and corporate America slows down, the unemployment lines lengthen. When this happens, education stocks shine. Why? Because everyone knows they are competing against a glut of people at that time more than ever. You see, when there’s “full employment” and the job market is tight, it’s not as hard to get a job. But when few corporations are hiring and there are tons of people fighting over the same handful of jobs, the best way to get an edge is to get an education. Some may just get certifications but others will[More...]

Take Stock In Education

Wed, 12 Nov 2008 05:33:00 GMT

As the old maxim goes,"Those who can't do, teach." In public schools, perhaps. But the private Educational Services sector has quietly become a good place to invest vs. almost all of the rest of the lousy market sectors worldwide. After about two years of sharp business pullback, the operating performance of many for-profit educational institutions have started to recover. The slowing growth in the mid-30s age demographic, greater competition and closer regulatory scrutiny had caused a cleansing of less worthy institutions the past few years. Now, with higher unemployment translating into more time to re-tool and retrain, mature students (many with families and/or underemployed with set hours) enrolling in for-profit schools are beginning to translate into higher and more stable online clients gravitating towards student-friendly higher learning ports. Many for-profit institutions are placing greater emphasis on specific trades and other occupations,[More...]

Harvard Prepares Itself For Hard Times, Education Stocks Still Resilient

Tue, 11 Nov 2008 20:33:00 GMT

As credit crisis aggravated and companies shed tens of thousands of jobs across nation every month, attendance at Universities and schools soared as unemployed workers returned to classroom to upgrade skills and beef up their resume.[More...]

Back To School

Thu, 06 Nov 2008 18:05:00 GMT

Let’s imagine this, the great depression days, the dot com bust, and now the credit crisis – what has usually happened each time after the worst in the economy crops up. Well, the man who gets bogged down by an employer and goes home to sulk is not the on[More...]

Corinthian Colleges sees continuing student growth

Tue, 25 Aug 2009 13:51:00 GMT

SANTA ANA, Calif. - For-profit education company Corinthian Colleges Inc. said Tuesday that it expects new student enrollments to fuel sales and profit in fiscal 2010 as unemployment rises.
The Santa Ana, Calif., schools, which offer associate's, bachelor's and master's degrees in health care, information technology, criminal justice and other areas, said it expects to earn 26 cents to 29 cents per share in its first quarter, on sales of $375 million to $385 million.
For the entire 2010 year, Corinthian is forecasting a per-share profit of $1.30 and $1.36 per share and revenue between $1.58 billion and $1.60 billion.

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Apollo Group (NASDAQ:APOL): Color On News - Overreaction?

Q2 Growth Report - Part 1

Apollo Group: Industry Bellwether Continues Exceptional Growth

Education Stocks Are About To Collapse

Market Commentary (02-02-09)

54 Stocks Returning 15%+ in January

Stocks Fall, Recessions Abound… Education Stocks Go Up!

Take Stock In Education

Harvard Prepares Itself For Hard Times, Education Stocks Still Resilient

Back To School

Corinthian Colleges sees continuing student growth

Corinthian Colleges posts profit as students grow

Executive Summary

Fear and Laboring in California: ; Statewide Labor Day Survey Says 51% of Workers Are Working Harder; 53% Have Less Job Security Since Recession Began

Corinthian Colleges Reports Fourth Quarter & Fiscal Year 2009 Results

Corinthian Colleges to Announce Fiscal 2009 Results

BenchmarkJournal.Com Free Analyst Review for GAP, ATU, PPHM, MNKD, HLIT and COCO

MaybachFinancial.Com Posts Free Analyst Report on COCO, CHRW, AINV and YRCW

Corinthian Colleges Names Peter Waller to Become Chief Executive; Jack Massimino Will Transition to Executive Chairman

Corinthian Colleges Reports Fiscal 2009 Third Quarter

Study Finds Nearly Half of Washingtonians Worried About Losing Their Jobs

Media Advisory: Results of Washington State's 'Workplace Confidence Survey' to Be Announced April 28

Corinthian Colleges to Announce Fiscal 2009 Third Quarter Results

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