This is your last chance to BUY APOL at this ridiculously cheap level
All the selling here is technically-driven (ETF and MA triggered) so don't be intimidated. Notice that today's sell-off was on very light volume. It's meaningless and is creating a once-in-a-lifetime opportunity to pick up the shares at less than 2 x CASH FLOW. Once the buyback program kicks back in (shortly), the squeeze will ensue. Step up to the plate - you can thank me later when the stock moves back up 50% to the high $20s.
Remember me ladies and gents? Hope those of you who were short covered as per my recommendation. Can't say I didn''t give you a chance. If you didn't cover, and even worse, shorted more, shame on you....go back to Investing 101 (if you can afford the tuition now, and BTW, I think U of Phoenix offers a class very similar to the one you'll need to be enrolling in). Things played out pretty much as I expected and even better, I see the stock (and the group) working higher as M & A begins to kick in. Those of you who went long on my recommendatioin, congrats to you and I hope you enjoyed squeezing the hedgies AGAIN. Hats off and stay tuned for my next call.
They have an outstanding buyback program that was announced a while ago but up until recently they have not bought back any shares because they were waiting for the HLC's decision. (If you go back and take a look at last Q's financials you'll see they did not buy back a single share.) Now that is behind them and the massive cash pile they are sitting on will be put to work shortly: the re-start of share repo once again or an accretive international acquisition. Either way the stock moves (materially) higher.