Seeking Alpha

Education stocks get hammered in early trading after Apollo Group (APOL) slashes revenue...

Education stocks get hammered in early trading after Apollo Group (APOL) slashes revenue estimates and closes many of its physical locations. It's also possible traders could be reading something into the soft answers given by both candidates at last night's Presidential debate when college funding was tied into the lead-off question. Naturally, analysts see Romney taking a harder line on federal funding if elected but also contend a 2nd term for Obama is no easy ride for federal backing of the sector. Decliners: APOL -15.5%, DV -5.1%, STRA -5.0%, ESI -4.1%, COCO -2.4%, CECO -1.9%.
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