|To: Paul Senior who wrote (47453)||7/19/2012 10:35:54 PM|
|From: Paul Senior||Read Replies (1) | Respond to of 51601|
|For profit education company stock Apollo, APOL, keeps falling. In addition to government investigations of the sector, and questions about future government student funding, now there's a rumor that David Einhorn is shorting APOL.|
I have a few losing shares, and I'll continue to hold for now. I see that DeVry (DV) is also beat down. I now prefer this stock to APOL, and I've started accumulating shares. Stock now at $28.19 with $5 per sh. in cash, and ltd of 0. Stated bv has increased every year for the past ten. Stock trades at relatively (to itself) low p/stated bv, low p/sales, relatively high profit margins (relative to itself. (Question is. are they sustainable?), reasonably good roe for the relatively low p/e (Greenblatt sort of). 1% div yield while waiting for company's fortunes to improve. Which I'm assuming will happen.