Volatility has always been a hallmark of the publicly traded for-profit education companies. In the ten+ years we have been following the sector, the number of trading opportunities have been seemingly...
READ MORE >Barron's columnist Andrew Bary published a follow up piece this weekend to his initial write-up on WPO in which he argued that the stock could be worth as much as $900/share. You can read the original article here. Mr. Bary's...
READ MORE >On July 23rd, stocks in the for-profit education sector "ripped" after the release of the Department of Education's initial proposal on "gainful employment". At that time, many investors thought...
READ MORE >In our preview of WPO's 2Q10 earnings release we asked: "As the Questions Pile Up, Will We Finally Get Some Answers?" Today's earnings release provided little in the form of clarity on the questions we asked, but it...
READ MORE >Don Graham and other senior executives of WPO laud themselves for their "Berkshire-like" approach to managing the company. In the world of WPO managment, the numbers speak for themselves. While we find this approach refreshing in some respects, we...
READ MORE >At long last the details on the Department of Education's proposal for its "gainful employment" were released. You can read an excellent summary of the proposal as well as responses from Senator Harkin, Harris Miller (CCA),...
READ MORE >Even though we are only 24 hours away from the first earnings report of the season from a publicly traded for-profit education provider, investor focus remains firmly on the eventual outcome of the Department of Education's "gainful employment" proposal....
READ MORE >Over the past 48 hours a significant change has occurred in the operating landscape for proprietary higher education institutions. While most investors and sell-side analysts debate the eventual outcome of the Department of Education's "gainful employment" proposal,...
READ MORE >WPO reported 1Q10 results on 5/7. Overall, the results did little to alter our short thesis on the stock. The company beat our estimates on the topline but fell short of our EPS forecast due to lower than expected profitability at the...
READ MORE >In the for-profit postsecondary education sector, controversy never dies and it seems like trading opportunities are omnipresent. After a one-month period during which news flow within the industry slowed to a...
READ MORE >Earlier this week, the Accrediting Council for Independent Colleges and Schools (ACICS) finally released its Key Operating Statistics report for FY09 (6/30/09). You can find the full report here. The report includes a comprehensive...
READ MORE >LONG
$70
SELL/SHORT
$4
SELL
$50
SELL/SHORT
$45
SHORT
$18
SELL/SHORT
$5
SELL/SHORT
$42
LONG
$75
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