In many respects, WPO’s 3Q11 earnings results represent a complete validation of our short thesis on WPO shares. At a time when it appears most bulls on the stock own it based on some theoretical breakup value, two unalienable truths remain clear: 1) WPO management has no...
READ MORE >What a difference a few months can make. To put the performance of the publicly traded for-profit postsecondary education companies in perspective for the past few months, we thought it might be...
READ MORE >In an article on Insidehighered.com today entitled “Hitting Hard at Fraud”, more details on the extent of online fraud rings in higher education have emerged. As a reminder, two weeks ago, the Department of...
READ MORE >Earlier today PAA Research hosted a conference call with Deanne Loonin of the National Consumer Law Center, one of the best known and most influential non-profit consumer advocacy organizations in the...
READ MORE >PAA Research will host a conference call TODAY at 2:30PM ET with Deanne Loonin of the National Consumer Law Center, one of the best known and most influential non-profit consumer advocacy...
READ MORE >PAA Research will host a conference call at 2:30PM ET Wednesday October 5th with Deanne Loonin of the National Consumer Law Center, one of the best known and most influential non-profit consumer...
READ MORE >Earlier this week, the Department of Education’s Office of Inspector General published an investigative program advisory report on “Online Education Fraud Rings”. The report was sent to Federal Student Aid (FSA) and...
READ MORE >PAA Research will host a conference call at 2:30PM ET Wednesday October 5th with Deanne Loonin of the National Consumer Law Center, one of the best known and most influential non-profit consumer...
READ MORE >On Friday, WPO management hosted its bi-annual shareholder day. If ever we had any doubts about our long term secular short case for WPO shares, they were all but removed following a series of management presentations. Based on the tenor and...
READ MORE >For the past six weeks, we feel like we have been “spitting into the wind” when it comes to our bearish call on stocks in the for-profit postsecondary education sector. Despite our best efforts...
READ MORE >In the 6 trading days following APOL’s earnings release, the shares of publicly traded for-profit postsecondary education companies have rallied anywhere from 10-20% compared to a modest sell-off of (-0.2%) for...
READ MORE >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...
READ MORE >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...
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 four months of the year has...
READ MORE >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...
READ MORE >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...
READ MORE >SELL/SHORT
$4
SELL
$50
SELL/SHORT
$45
SHORT
$18
SELL/SHORT
$5
SELL/SHORT
$42
LONG
$75
LONG
$128
SELL/SHORT
$50
SELL/SHORT
$50
LONG
$5.50
SHORT
$50
SHORT
$28
LONG
$65
LONG
$37
PAIR TRADE
$10
PAIR TRADE
$30
LONG
$35
SHORT
$35
SELL/SHORT
$10
SHORT
$101
SHORT
$15
SHORT
$0
SHORT
$9
SHORT
$0
PAIR - LONG BGG/SHORT TTC
25%
PAIR - LONG BGG/SHORT TTC
25%
SHORT
$14.00
SHORT
$22
SHORT
$15
SHORT
$20
SHORT
$31
SHORT
$35
SHORT
$30
PAIR - LONG KNL/SHORT MLHR
25%
SHORT
$100
LONG
$8
LONG
$20
SHORT
$22
PAIR - LONG CSGP/SHORT LOOP
40%
LONG
$35
SHORT
$275
SHORT
$0