May be good time to nibble over next week or two or months!
You have to handed to the media playing the accrediation and cut in profits and revenue! They are bout right 10% of time. This reminds me of RDN about two months ago. Baron's article question how RDN could stay in business and PPS went from 4.5 to 3.75 in a week. Now it's trading around 6.26. If you shorted based on the article you lost 50%. Don't get suckered in by hype!
APOL has beaten every earnings forecast in last year and company has 700M in cash and over 500M in operating income and 300M in net income coming this year. Talk about shorts on this board talking about BK and delisting and accrediation. Traditional colleges get the notice as well you just don't hear about them. APOL will fix things as required. In terms of business disppearing I doubt it. Online schools fill the gap that traditional schools do not.
Don't get suckered in by the street on growth stock ponzi scheme. Good companies make money and have soild cah flow and earnings whether rev is up or down 10%. It brings to mind AONE with so much growth potential and promise and it's BK. Same goes for all chinese small caps and large caps. They never make money but revenue grows by leaps and bounds. SOmething wron when revnue is gorwing leaps and bounds and there is no profit or a secondary is offered. Good business does not need anything beyond seed money to grow since business throws off enough cash to fund expansion!!!!
Just like to add analyst are about 20% right usually by luck! If they were really that good they would have owned the world. My target for APOL is 25 and should have called it 19 a year ago. Oh well hindsight is 20/20!