Troy Bayer
Growth at reasonable price, small-cap, energy, media

Grand Canyon University: Time To Invest In America's First For-Profit Division I University

On July 1st, Grand Canyon University (NASDAQ:LOPE) was officially accepted as members of the National Collegiate Athletic Association's (NCAA) Western Athletic Conference (NYSEMKT:WAC). The university's acceptance made it the first for-profit institution in America to earn Division I sports status.

The announcement provoked immediate outrage from American academia.

"A university using intercollegiate athletics to drive up its stock value - that's not what we're about," said Arizona State University president Michael Crow.

Pacific Athletic Conference (PAC-12) commissioner Larry Scott shared the same concern, stating, "There's a discomfort with the idea that the sole accountability around athletics would be to a company that might use athletics as a marketing tool to drive up stock price."

Why the...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details