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For-Profit EDU: A Few Thoughts on Obama’s Free Community College Initiative

January 9th, 2015

Sorry we didn't pass along some feedback sooner, but we wanted to share a few key data points and thoughts on Obama's proposal to make community college free for students that maintain a 2.5 GPA.  The program is largely modeled on one...

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DV: “History Doesn’t Repeat Itself, but It Often Rhymes”; DV’s Golden Goose Is About to Get Squeezed, Time to...

November 20th, 2014

This oft quoted aphorism (incorrectly attributed to Twain) represents one of the greatest truisms for any seasoned investor: the ability to identify trends and map them to historical patterns is a...

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For-Profit EDU: The Career College Crisis of Summer 2014; Checks Suggest Continued Weakness in Fundamentals – Where...

July 28th, 2014

“The cheaters usually get caught--just never soon enough. Plenty more heads will roll.” Anonymous executive in the for-profit education space Given our longstanding bearish stance on...

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For-Profit EDU: Don’t Expect to See Any “Greenshoots” In the Space This Spring

April 23rd, 2014

Here we are on the eve of another earning season in the for-profit education space and it appears that all of the challenging trends the group faced for the Winter term still remained firmly entrenched during the Spring enrollment...

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For-Profit EDU: The Hope for Hope Trade Could Be Coming To an End as Winter Term Enrollment Results Bring a Cold Dose...

January 29th, 2014

The for-profit postsecondary education sector has been a “contrarian’s delight” for the better part of 12-months.  Initially what started as a long trade predicated on overly bearish sentiment...

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AYI

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RON.TO

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$9

BIG

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ESI

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DV

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$15

BGG

PAIR - LONG BGG/SHORT TTC

25%

TTC

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25%

Z

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NA.TO

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HCG.TO

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ING.PA

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ZU

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TRLA

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MCRS

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APOL

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$35

OPEN

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BCO

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WWE

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$25

KNL

PAIR - LONG KNL/SHORT MLHR

25%

XOXO

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$20

CSGP

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$100

GCA

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$8

IPSU

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$20

MLHR

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$22

ARC

LONG

$12.50

LOOP

PAIR - LONG CSGP/SHORT LOOP

40%

THQI

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$35

WPO

SHORT

$275

COCO

SHORT

$0

HNI

SIG

RGR