http://stockmarketbeat.com/blog1/2007/04/11/esi-itt-educational-10k-gives-us-earnings-quality-concerns/ Our beat: The stock market. Our job: Beat it. Tue, 03 Jun 2008 15:36:49 -0600 http://wordpress.org/?v=2.8.1 hourly 1 http://stockmarketbeat.com/blog1/2007/04/11/esi-itt-educational-10k-gives-us-earnings-quality-concerns/comment-page-1/#comment-27009 ESI: ITT Educational Earnings Strong, But Watch the Bad Debts - Stock Market Beat - Our beat: The stock market. Our job: Beat it. Thu, 26 Apr 2007 20:07:57 +0000 http://stockmarketbeat.com/blog1/2007/04/11/esi-itt-educational-10k-gives-us-earnings-quality-concerns/#comment-27009 [...] Bad debt was one of the earnings quality concerns we developed when we reviewed the 10K. Even if management claims it is within historical ranges, the truth is it is still rising. It is also, apparently, an industry-wide phenomenon. Investors should keep a close eye on collections going forward. For more information, see all articles on: Stock Market, ESI, APOL [...] [...] Bad debt was one of the earnings quality concerns we developed when we reviewed the 10K. Even if management claims it is within historical ranges, the truth is it is still rising. It is also, apparently, an industry-wide phenomenon. Investors should keep a close eye on collections going forward. For more information, see all articles on: Stock Market, ESI, APOL [...]

]]> http://stockmarketbeat.com/blog1/2007/04/11/esi-itt-educational-10k-gives-us-earnings-quality-concerns/comment-page-1/#comment-25343 APOL: Apollo’s Students Aren’t Paying the Bills - Stock Market Beat - Our beat: The stock market. Our job: Beat it. Wed, 18 Apr 2007 04:11:47 +0000 http://stockmarketbeat.com/blog1/2007/04/11/esi-itt-educational-10k-gives-us-earnings-quality-concerns/#comment-25343 [...] When we recently reviewed the 10K report for ITT Educational Systems (ESI), we said there were some earnings quality concerns. Among them were “Doubtful accounts – reserve nearly doubled despite a decline in total receivables.” Apparently that is an industry-wide problem, according to this article from Reuters.com: Apollo Group Inc. (APOL) said on Monday it expected to raise its allowance for doubtful accounts and associated bad-debt costs by about $38 million as it works to complete its delayed quarterly financial report. [...] [...] When we recently reviewed the 10K report for ITT Educational Systems (ESI), we said there were some earnings quality concerns. Among them were “Doubtful accounts – reserve nearly doubled despite a decline in total receivables.” Apparently that is an industry-wide problem, according to this article from Reuters.com: Apollo Group Inc. (APOL) said on Monday it expected to raise its allowance for doubtful accounts and associated bad-debt costs by about $38 million as it works to complete its delayed quarterly financial report. [...]

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