You can't use a simplistic P/E approach to valuing APOL (or any stock, for that matter, I would argue). Take a look at APOL using a sum-of-parts approach, taking into account the value of U of P, technology biz, other businesses, cash, etc. and you'll come up with something closer to $34/$35 per share. And that gives the stock NO CREDIT for any present value of accretive deals done in the future with all the cash on hand. So if you look at it a bit more deeply you'll see the real value....hope this helps.
You've been absolutely destroyed on this one. It has been one for the ages. Again, go back and read my post dated August 21. How could you be so dumb as to short a stock trading at 1.5 x TTM EV/EBITDA, with a 18% FCF yield and with over half of its share price in net cash? Not a good idea. Even Citron warned you that it was going to $30 (and we're not there yet, either...) Now you're back for more punishment. Stop. Think. Cover. Live to fight another day. You can thank me later.
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.