From what we can gather, few investors if any have paid close attention to the progress of the various securities class action suits filed against almost every one of the publicly traded for-profit postsecondary education companies. We are...
READ MORE >Yesterday afternoon, the California Student Aid Commission voted unanimously to support a drastic reduction of Cal Grant awards to for-profit education institutions in the event that cuts to the program are needed to help solve...
READ MORE >The Department of Education released “trial” 3-year cohort default rate data this morning on an national level and institution by institution basis. Before we get into a discussion of the national level data and some of our findings on a school...
READ MORE >COCO reported 2Q11 earnings results this morning and will host a conference call at 12PM EST today. You can read the company’s earnings release here. The stock is trading higher based on four...
READ MORE >On Tuesday, February 1st, COCO will report 2Q11 earnings and potentially provide initial guidance for 3Q11 results. At the start of 2011, COCO finds itself at a critical impasse. The company faces ENORMOUS...
READ MORE >Today the US Department of Education released data on the number of Free Applications for Federal Student Aid (FAFSA) submitted during 4Q10-11 (calendar fourth quarter of 2010). In our view the FAFSA data provided by...
READ MORE >For an industry that has distinguished itself in the equity markets as a consistent source of trading opportunities, the “whip-saw” action in the for-profit education sector in the first few...
READ MORE >At the risk of dating ourselves, we couldn't help but think of Faith No More's edgy rock tune from the late 1980's "Epic" when STRA's negative pre-announcement hit the tape late Friday afternoon."What is...
READ MORE >Over the past several months there has been a growing bifurcation in the for-profit postsecondary education industry between those companies that have enacted significant "self regulation" measures in order to improve compliance with...
READ MORE >In our 1Q11 earnings preview for COCO, we argued that the company's first quarter earnings could represent a seminal event. As we stated in our preview:"The decisions management makes over the next 3-6 months...
READ MORE >COCO will report 1Q11 earnings before the market opens on Tuesday, November 2nd. In our view, the company finds itself in an extraordinarily precarious position irrespective of what happens with the Dept. of Educationa's Gainful Employment...
READ MORE >Over the past few weeks, three large, publicly traded for-profit postsecondary education companies reported earnings. The general feedback from each company (APOL, CPLA, and ESI) has been fairly similar: 1) new student starts have...
READ MORE >For the past 6-7 months we have argued that the definition of a credit hour could become a significant regulatory issue in the higher education space, one that has generally overlooked by most investors. As a reminder, upon the passage of NegReg 2009 the Department of Education will...
READ MORE >Investing in the for-profit education sector over the past 2-3 months has been almost entirely about one's ability to tap into various DC lobbying groups, read the "tea leaves" from public statements from...
READ MORE >SELL/SHORT
$4
SELL
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SELL/SHORT
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SHORT
$18
SELL/SHORT
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SELL/SHORT
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LONG
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LONG
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SELL/SHORT
$50
SELL/SHORT
$50
LONG
$5.50
SHORT
$50
SHORT
$28
LONG
$65
LONG
$37
PAIR TRADE
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PAIR TRADE
$30
LONG
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SHORT
$35
SELL/SHORT
$10
SHORT
$101
SHORT
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SHORT
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SHORT
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SHORT
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PAIR - LONG BGG/SHORT TTC
25%
PAIR - LONG BGG/SHORT TTC
25%
SHORT
$14.00
SHORT
$22
SHORT
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SHORT
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SHORT
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SHORT
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SHORT
$30
PAIR - LONG KNL/SHORT MLHR
25%
SHORT
$100
LONG
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LONG
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SHORT
$22
PAIR - LONG CSGP/SHORT LOOP
40%
LONG
$35
SHORT
$275
SHORT
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