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ITT Educational Services Inc. Message Board

  • cland03 cland03 Apr 12, 2013 11:15 PM Flag

    Enrollment Starts

    We will see positive growth in enrollment starts in the next 6 months (maybe even sooner). Go back and review any of the last few conference calls or even the presentation at Credit Suisse. Modany has consistently stated the enrollment challenges over the last few years have been with converting the initial inquiry flow into enrollment start, not with initial demand itself. So they piloted the Opportunity Scholarship at 24 campuses and in the first 4 weeks these campuses finished 250-300 basis points higher than the non-pilot group. The enrollment decreases were only half as steep in these pilot schools as compared to the non-pilot schools. So they immediately rolled it out to 101 more campuses and expect to roll it out to the rest by end of the year. Go to their website and you will see Opportunity Scholarship is all over the place like a rash. Once they start converting more of their inquiries, look out. This will drive enrollments up, which will immediately drive earnings and revenue growth. Add considering how heavily shorted this is right now...that is a recipe for a HUGE squeeze.

    Sentiment: Strong Buy

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