Comments on: APOL: Apollo’s Students Aren’t Paying the Bills

By: APOL: Not Buying Apollo’s Earnings Momentum | Stock Market Beat

APOL: Not Buying Apollo’s Earnings Momentum | Stock Market Beat — Wed, 27 Feb 2008 11:39:30 +0000

[...] be trying to improve their skills.” But that makes an implicit assumption that those students will be able to pay their bills. Last year, Apollo, ITT Educational (ESI) and Corinthian Colleges (COCO) all reported rising bad [...]

By: COCO: Corinthian Colleges Lags Peers in Enrollments, Keeps Up Pace of Bad Debt - Stock Market Beat - Our beat: The stock market. Our job: Beat it.

Tue, 01 May 2007 15:20:33 +0000

[...] Analysts were expecting the company to earn $0.14 on $253 million in revenue. COCO’s decline in enrollments contrasts with some of its peers, such as Small Cap Watch List (Track at Marketocracy) and Mid Cap Watch List (Track at Marketocracy) member Apollo Group (APOL) or Large Cap Watch List (Track at Marketocracy) member ITT Educational Services (ESI). However, it does share a less favorable metric with those peers: Educational services expenses were 56.7% of revenue in Q3 07 versus 55.1% in Q3 06. The increase was mainly the result of higher occupancy and bad debt expenses. Bad debt expense was 4.8% of revenue in Q3 07 versus 4.0% in Q3 06. The company issued EPS guidance of $0.12-$0.13 for its fourth quarter, which ends in June. The consensus expectation had been for $0.14. For more information, see all articles on: Stock Market, ESI, APOL, COCO This article is for entertainment purposes only and reflects the author’s opinion. It is not a solicitation or advice to buy or sell any securities mentioned. Always consult a qualified advisor before making investment decisions. [...]

By: 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 20:08:15 +0000

[...] 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 [...]

By: APOL: Apollo Setting a Bad Example for its Students - Stock Market Beat - Our beat: The stock market. Our job: Beat it.

Thu, 26 Apr 2007 02:27:57 +0000

[...] Mid Cap Watch List (Track at Marketocracy) and Large Cap Watch List (Track at Marketocracy) member Apollo Group. (APOL) issued the following statement in an 8K SEC Filing: The Company previously disclosed that it intended to file by April 30, 2007, its Quarterly Report on Form 10-Q for the fiscal quarter ended May 31, 2006, its Annual Report on Form 10-K for the fiscal year ended August 31, 2006 and its Quarterly Reports on Form 10-Q for the first and second fiscal quarters ended November 30, 2006 and February 28, 2007, respectively. While the Company has made significant progress toward the completion of its delinquent reports, it will not be in a position to file by such date. The Company expects to file its delinquent reports as soon as possible and no later than May 25, 2007, the last day of the temporary exception period granted to the Company by the Nasdaq Listing and Hearings Council. We noted recently that Apollo’s students have been late paying their tuition bills. Perhaps they are learning by example. The check, and the 10-Q, are presumably in the mail. For more information, see all articles on: Stock Market, APOL [...]