More Correspondence with the SEC….We just wanted to flag a round of correspondence between ESI and the SEC that occurred in July and August of this year. The letters were just released through the SEC’s...
READ MORE >“The investment thesis for us is pretty straightforward, as I said earlier, career-oriented, that's a big deal to us. I mean, we're teaching students how to become prepared for their first job. Not only do we teach them and get them through the process, we also spend a...
READ MORE >“I just charge additional license fees for these iPad implementations, so it actually drives business”Peter Rodgers, EVP Investor Relations and Business Development MICROS Systems, Inc.That’s it, nothing to see here....
READ MORE >After gapping down earlier in the morning, COCO shares rallied over the course of the day to end down only 1% following 4Q12 results and management commentary that should create significant cause for concern among...
READ MORE >BGG shares traded off modestly today following 4Q12 results and initial FY13 guidance that were both below consensus expectations. Two factors weighed on the company’s 2Q12 and significantly dampened the company’s FY13...
READ MORE >Zillow shares traded off sharply after hours yesterday following earnings results that were good, but perhaps not strong enough relative to “whisper numbers”. Additionally, the company filed a shelf offering which included the option for significant stock holders to sell as much as 3.6MM...
READ MORE >Realistically THQI’s 1Q13 results were more or less a side show. The company did not release any new games in the quarter, so the focus of the earnings call was primarily on THQI’s release slate and efforts to reposition itself in the marketplace. In one week, THQI will release...
READ MORE >In many respects, WPO’s 2Q12 earnings results represent a complete validation of our short thesis on the stock. At a time when it appears most bulls on the stock own it based on some theoretical breakup value, two...
READ MORE >With OPEN shares down 24% in the past month and now trading at what some might think is an attractive 18.7x consensus EPS for 2013 we shouldn’t be completely surprised by the strength in the stock...
READ MORE >WWE’s 2Q12 results were more or less inline with expectations. Based on the strong buy rate for Wrestlemania 28 and subsequent PPV events, it’s clear that WWE’s creative cycle has turned a corner. Over time we expect this to lead to...
READ MORE >It has been a grueling slog for WWE shareholders over the past 6-9 months. Over the past 3-4 months the company crushed expectations for 1Q12, delivered the highest selling Wrestlemania in history,...
READ MORE >Fundamentals Are Breaking Down…. And Liquidity Now Becomes a Real ConcernFor some the 2Q12 earnings season will be remembered as the quarter in which the publicly traded for-profit postsecondary...
READ MORE >Make no mistake, as we navigate earnings season in the for-profit education space over the next 2-3 weeks, the poor operating results from DeVry will look like an accurate gauge of the operating...
READ MORE >Early this morning, the Consumer Financial Protection Bureau (CFPB) released its long awaited report on the Private Student Loan (PSL) industry. The report provides a broad overview of the characteristics of the private student loan market for the...
READ MORE >In case you missed it, I recently had the opportunity to speak with Leslie Norton of Barron's about PAA Research, our approach to idea generation, and some of our latest thoughts on for-profit education, payment processing and OPEN, Z, BGG, and TTC. You can find the full interview HERE.
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