Are the various state and local retirement and pension funds divesting from APOL? I know that New York state, Michigan, and California had funds as well as Texas Teachers and Ohio public service workers. I doubt that they will stay in.
Sentiment: Strong Sell
that's why the stock went from 90 to 16
Sentiment: Strong Buy
Your right, if they held it as it went down 62% in the last year, they would decide to get out now.... Makes a lot of sense. (Sarcasm, if you can't tell)
According to NASDAQ, some of these governments are state retiree funds still held the stock on 12-31-2012. $17 a share is better than pennies.