COCO: ASFG Arrangement a 90/10 Workaround? Maybe. A Real Private Lending Program Most Definitely Not, Cutting FY12...

June 30th, 2011

COCO Announces New “Private Loan” Facility, And We Use That Term Loosely This morning, COCO announced a new “private loan” facility with ASFG LLC, presumably a subsidiary of American Student...

For-Profit EDU: Did the Dept. of Education Really Blink?

June 2nd, 2011

Details of the Department of Education’s Gainful Employment regulation were released this evening. The full regulation will likely be published tomorrow on the Department of Education’s website here or here, or ultimately in the Federal Register by Friday...

For-Profit EDU: Proposed Cuts to IL MAP Funding Could Establish an Alarming (and Increasingly Common) Precedent

May 16th, 2011

In a move that has received little attention among investors in the for-profit postsecondary education space, approximately 10-days ago, the Appropriations Higher Education Committee in the House of...

COCO: Questions for the Call, Fixed Charge Coverage Covenant Looms Large

May 3rd, 2011

Questions We Would Like to Hear on the CallHere are some of the questions that we would like to hear management answer on COCO’s upcoming 3Q11 conference call: In light of the substantial tuition price increases, why did revenue per student...

For-Profit EDU: Checks with Private Institutions Indicate Enrollment Slowdown Continues to Gain Steam

April 20th, 2011

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 four months of the year has...

For-Profit EDU: The Cal Grant Precedent

April 19th, 2011

In a move that has been largely overlooked by most investors in the for-profit postsecondary education space, Governor Jerry Brown (CA-D) signed Senate Bill 70 into law on March 24, 2011. While SB 70 includes many other elements aimed at reducing unwieldy budget deficits in...

For-Profit EDU: What’s at Stake in the Pell Grant Debate – The Potential EPS Impact is Bigger than You Might Think

April 13th, 2011

There was a time not too long ago when investors in the for-profit postsecondary education sector viewed those institutions that generated a high percentage of their revenues from Pell Grant funding...

Current Ideas

EXPI

SELL/SHORT

HUSQ.B

SELL

$50

UFPI

SELL/SHORT

$45

TREX

SHORT

$18

PRDO

SELL/SHORT

STRA

SELL/SHORT

$42

CWH

LONG

$75

OSTK

LONG

$128

SELL/SHORT

$50

SELL/SHORT

$50

ARC

LONG

$5.50

AYI

SHORT

$50

BIG

SHORT

$28

WWE

LONG

$65

XOXO

LONG

$37

RLGY

PAIR TRADE

$10

RDFN

PAIR TRADE

$30

BCO

LONG

$35

ING.PA

SHORT

$35

TRUP

SELL/SHORT

$10

CTC

SHORT

$101

ATGE

SHORT

$15

HCG.TO

SHORT

RON.TO

SHORT

ESI

SHORT

BGG

PAIR - LONG BGG/SHORT TTC

25%

TTC

PAIR - LONG BGG/SHORT TTC

25%

SHORT

$14.00

NA.TO

SHORT

$22

SHORT

$15

TRLA

SHORT

$20

MCRS

SHORT

$31

APOL

SHORT

$35

OPEN

SHORT

$30

KNL

PAIR - LONG KNL/SHORT MLHR

25%

CSGP

SHORT

$100

GCA

LONG

IPSU

LONG

$20

MLHR

SHORT

$22

ZIPR

LOOP

PAIR - LONG CSGP/SHORT LOOP

40%

THQI

LONG

$35

WPO

SHORT

$275

COCO

SHORT

HUBB

TWPG

HNI

NILE

SIG

HURN

RGR

SWHC

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REPORTS: BROWSE THE LIBRARY

COCO: ASFG Arrangement a 90/10 Workaround? Maybe. A Real Private Lending Program Most Definitely Not, Cutting FY12...

For-Profit EDU: Did the Dept. of Education Really Blink?

For-Profit EDU: Proposed Cuts to IL MAP Funding Could Establish an Alarming (and Increasingly Common) Precedent

COCO: Questions for the Call, Fixed Charge Coverage Covenant Looms Large

For-Profit EDU: Checks with Private Institutions Indicate Enrollment Slowdown Continues to Gain Steam

For-Profit EDU: The Cal Grant Precedent

For-Profit EDU: What’s at Stake in the Pell Grant Debate – The Potential EPS Impact is Bigger than You Might Think

Current Ideas