These lawsuits just keep piling up. I can't imagine what this company pays out in legal costs just to shut people up. I can't believe it is still trading above $5 at this point. After the next earnings report, there is no doubt in my mind that it will be in the $3 range.
Clearly only people seeking the excess funds checks sent out from the Pell Grant attend this school. Once they receive them they bounce to the next saw mill. This is how they end up with that stellar 4% success rate of theirs. Those who actually do attend and stick it out have no problem passing when tough questions such as responding to a discussion question asking what the difference between a square and a circle are. Shutter this saw mill down already. The lawsuits keep piling up, financial aid probation is on the horizon and there is no leadership at this company. Well with the exception of the one clown receiving 27 million in compensation. I still can't figure out #$%$ this guy actually does that a person being paid 150k a year can't do. I would love to see this s hole closed just because of that #$%$ fleecing the American taxpayers.
This guy must know that this place has no chance of surviving. What billionaire would sell a measly 9.5 million in shares? If he had any confidence in the company, there is no way he would care. This is kitchen remodel money for this guy. It makes no sense to sell unless he knows the pig is cooked. I imagine they are losing all military assistance and probably being put on financial aid probation with the US Department of Education. This did in two other for profits recently. I think those were just test runs for this bigger hog to slaughter. You can see this ignorant move reflecting in the stock today.
Kiss these guys goodbye! Read more in the Phoenix Business Journal. It is a total disgrace!
This place is toast! When your chairman throws in the towel, you know the company is in deep poop! The chairman of Phoenix-based Apollo Education Group Inc. (NYSE: APOL) – which operates the for-profit University of Phoenix – has sold off $10 million worth of stock a mere days after the company shared its latest earnings report.
The Consumerist reports on a Securities and Exchange Commission filing that shows that Sperling divested more than 1.3 million shares of Apollo stock on Oct. 23 and Oct. 26. The shares sold for an average of $7.28 a share.
Congratulations Greg! You made the list again while your company goes out of business. Great job buddy! Gregory W. Cappelli, Apollo Group
Compensation: $25.1 million
Corporate profits: NA
Cappelli's pay shot up more than 1,400 percent last year, and it's far from clear what he did to deserve $23.5 million in stock and stock options?
This company is done! Close the curtain already. This sht show is over!
It is well known that bigs funds will not hold an equity under $5. This company will be there shortly. On its way to $3
Even this guy knows the ship is sunk! These are shares that did not need to be exercised. If he thought this pile of hot streaming dung was going to go up, he would not have sold. This company is officially the next Corinthian.
I think it will crack into the high $6 range today. A huge plummet is coming based on what I see in the options pit. You will wake up one day and it will be less than $5 soon.
Recruiters know you took the easy way out attending this saw mill. Posting replies about how your day was on a Craig's List style bulletin board is not an education. I don't see how they hold any accreditation. It boggles the mind how this tax drain continues to operate. I heard one of the enrollment advisors over their has a yellow Lamborghini. Tell me that is not a total joke! The Department of Education should be shut down immediately for allowing the fleecing of unknowing people being caught up in this scam. You should sell your stock just on principle. If you have one shred of any morals left, you will still supporting what this company is doing to the American people.
This third grade remedial flop house will go up in smoke with the likes of Corinthian, EDMC, ESI and Duhvry.
Only a matter of time in my opinion - Under the new restrictions for ITT ESI, -0.31% it will be required to prove to the Department that a student actually began attending classes before the company can disperse the aid to the student. Typically, schools are allowed to disburse financial aid up to 10 days before the first day of classes. The company will also face additional reporting requirements on its enrollment and disbursement of financial aid.
Since the 2009 to 2010 financial aid award year, ITT has struggled to reconcile the amount of financial aid money it pulled from the Department with the charges students actually incurred, according to the Department’s letter. The discrepancy could be an indication that a large number of students withdrew from the school after ITT had already tapped the financial aid dollars dedicated to the students, said Elizabeth Baylor, the director of post-secondary education at the Center for American Progress, a left-leaning think tank.