Grand Canyon University, Inc. (NASDAQ:LOPE) again released strong earnings for Q1 2014, begging the question; why has the company's share price declined more than 13 percent since its peak of $51.12 nearly 5 months ago?
(click to enlarge)
This significant decline has little to do with LOPE's financial position, and almost everything to do with weakness in the for-profit education sector at large, as well as looming government regulation by the Obama administration for schools with declining standards and post-graduation statistics.
Other major players in the for-profit education sector are experiencing similar declines. Apollo Education Group, Inc. (NASDAQ:APOL) has declined 24 percent from its peak of $35.92 a share in January 2014. However, Apollo's decline...
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|