Strong bottom at 17 regardless of the genius analyst attempting to drive price leer with a sell now!
I suppose he had a buy at 70 as well
Use these morons as contrarian indicators and you will do well more times than not
Humans are wired to listen to advice despite the lack of fundamentals the business retains on cash flow, balance sheet and global growth potential
Point initiated coverage on Apollo Education (NASDAQ: APOL) with a Sell rating and a price target of $15.00. Despite ten consecutive quarters of declining enrollment growth, analyst Michael Tarkan sees more challenges.
"Its still-meaningful size remains an obstacle, consistently driving difficult new start comps; while the lack of incentive compensation, an increasing focus on regulatory outcomes, and a pull-back from lead aggregators have meaningfully limited recruiting efforts, in our view. Without clear visibility into when consistent new start growth will resume, we expect enrollment and earnings will continue to decline," said Tarkan
well over $1 billion is cash on balance sheet and zero debt.....downside risk is quite low...only upside for this stock as probation will likely be lifted as it has little to do with education being offered...more related to governance. I see $22-$23 range by the end of 2013