Ashford (BPI) Making Good Progress with Layoffs and Reassignments
In my post, I did say "The HLC board of trustees will review the implementation plan at its February 2013 meeting to determine whether it is acceptable." BPI is working on the implementation plan now as evidenced by it's press release concerning layoffs and reassignments. I'm sure they are working hand in hand with HLC to satisfy them.
As for third quarter results, BPI will report a profit again and add more cash to their already sizable cash hoard. Remeber that BPI has cash equal to almost $10 per share so there is a floor under the stock price. Of course the market is frequestly irrational and we may see BPI trade under the $9.50 level. Below that, I'm an aggressive buyer.
Yesterday, all for profit schools dropped between 2 and 7 percent with BPI in the middle of the range. The market is moving BPI, not the fundamentals.