Bridgepoint Education: The Business Has Improved, But The Stock Hasn't
Vince Martin • 12 Comments
Vince Martin • 12 Comments
Could Bridgepoint Be The Next For-Profit To Fold?
Duane Bair • 11 Comments
Duane Bair • 11 Comments
Bridgepoint CEO Clark: 'Stay Classy, San Diego!'
Tue, May 3, 4:46 PM
Wed, Mar. 9, 12:47 PM
Wed, Jan. 27, 1:13 PM
- The fragile for-profit sector is under pressure with DeVry the target of a government lawsuit for misleading consumers.
- The FTC and DOE both took action against DeVry for deceptive marketing practices.
- Decliners include Apollo Education (APOL -3.4%), Nord Anglia Education Group (NORD -3.5%), Strayer Education (STRA -3.7%), ITT Educational Services (ESI -4.2%), Capella Education (CPLA -2.6%), and Bridgepoint Education (BPI -2.6%).
Oct. 9, 2015, 11:15 AM
- Apollo Education (NASDAQ:APOL) is down 10.6% to $11.05 after disclosing that the University of Phoenix is on probation with the DoD.
- Phoenix is no longer allowed to recuit on U.S. military installations.
- As tipped earlier, the for-profit sector is on edge with the ruling. Bridgepoint Education (BPI -3%), Career Education (CECO -2.2%), DeVry (DV -1.5%), Strayer Education (STRA -1.4%), and ITT Educational (ESI -1.1%) are some of the names trading off a bit.
Aug. 14, 2015, 9:44 AM
Jun. 29, 2015, 3:47 PM
- Education stocks trade sharply lower.
- The biggest development in the for-profit sector lately has been proposed spending cuts by the Department of Education on federal education programs.
- The for-profit sector is also affected by a court ruling upholding tighter funding standards related to debt ratio levels of graduates.
- Decliners: DeVry (NYSE:DV) -6.8%, Career Education Corp. (NASDAQ:CECO) -5.5%, Strayer Education (NASDAQ:STRA) -4.6%, American Public Education (NASDAQ:APEI) -3.8%, Bridgepoint Education (NYSE:BPI) -3.4%.
May 5, 2015, 9:01 AM
- Bridgepoint Education (NYSE:BPI) reports total student enrollment fell 14.22% Y/Y to 55,322.
- Retention rate for all Ashford students fell 70 bps Y/Y to 63.9%.
- Operating loss improved to $1.2M vs. operating loss of $7.9M last year.
- Q1 results
Mar. 25, 2015, 2:23 PM
- The for-profit education sector is full of volatility today.
- Apollo Education (APOL -27%) is getting shellacked off of a disappointing FQ2 earnings report.
- Enrollment guidance from Apollo came in below expectations.
- Peers Bridgepoint Education (BPI -3.7%), DeVry Education (DV -5.5%), ITT Educational Services (ESI -4.1%), Grand Canyon Education (LOPE -3.9%), and American Public Education (APEI -1.6%) are also lower in sympathy.
- National American University Holdings (NASDAQ:NAUH) is an outlier with a 3% gain, while microcap Education Management (NASDAQ:EDMC) is up a clean 20%.
- Trading volume is up across the sector.
- What to watch: A push by President Obama to make some forms of community college free is considered a threat to the sector.
Mar. 18, 2015, 11:33 AM
- Select for-profit education stocks have spiked higher despite a flurry of negative news on the sector over the last few weeks.
- The sector has an eye on Washington where a proposal by President Obama to make public junior college free is a potential threat to admission numbers.
- Advancers include Bridgepoint Education (BPI +6.2%), Apollo Education (APOL +1.7%), Corinthian Colleges (COCO +9.3%), Strayer Education (STRA +2.5%), ITT Educational Services (ESI +3.1%).
Mar. 10, 2015, 11:18 AM
- Bridgepoint Education (BPI +4.4%) trades higher after topping consensus estimates with its Q4 report.
- The company reported a net income loss that was only 9.7% larger than a year ago, despite student enrollment that was down 12.3% Y/Y.
- Bridgepoint held $356.5M in cash at the end of Q4, nearly the same position it was in a year ago.
- Previously: Bridgepoint Education beats by $0.12, beats on revenue
Feb. 9, 2015, 1:28 PM
- Some education stocks are getting a second look from investors today to partially reverse what's been a decline in the sector for 2015 amid enrollment and student loan concerns.
- The rally has been underpinned with decent volume.
- Gainers: Bridgepoint Education (NYSE:BPI) +4.2%, ITT Educational Services (NYSE:ITT) +1.5%, Education Management Corporation (NASDAQ:EDMC) +2.7%, Career Education Corp. (NASDAQ:CECO) +4.2%, DeVry Education (NYSE:DV) +2.1%.
Aug. 7, 2014, 12:47 PM
Aug. 7, 2014, 11:06 AM
Jun. 19, 2014, 11:32 AM
- Education stocks are getting their knuckles rapped with Corinthian Colleges in financial distress.
- A harsh stance by the DOE toward Corinithian is a putting a fright into investors.
- Decliners: Career Education (CECO) -2.5%, ITT Educational Services (ESI) -2.6%, Strayer Education (STRA) -3.1%, DeVry Education (DV) -1.4%, Education Management (EDMC) -2.6%, Bridgepoint Education (BPI) -2.0%.
May 30, 2014, 5:06 PM
- Following a review, Bridgepoint Education (BPI) has concluded its 2013 financial statements "should no longer be relied upon because of errors related to revenue recognition that resulted in material misstatements of revenue, bad debt expense and accounts receivable." (8-K)
- The company now believes its 2013 revenue was in a range of $749M-$753M, down from a previously-reported $768.6M. At the same time, it thinks EPS was in a range of $0.81-$0.84 (above a prior $0.74), and operating cash flow in a range of $84M-$87M (above a prior $75.5M).
- Bridgepoint will officially restate its numbers in an amended 10-K.
May 22, 2014, 11:39 AM
- Dropping alongside Apollo Education Group on rumor of an Ackman short: ITT Education (ESI -24.1%), Strayer (STRA -4.2%), DeVry (DV -2.1%), Career Education (CECO -2.1%), Grand Canyon (LOPE -2.6%), American Public (APEI -2.8%), Education Management (EDMC -2.4%), Bridgepoint Education (BPI -2.4%), Lincoln Education (LINC -1.4%).
Bridgepoint Education, Inc. provides postsecondary education services. It operates two academic institutions: Ashford University and University of the Rockies. The company's Ashford University offers associate, bachelor and master degree programs and University of the Rockies offers masters and... More
Industry: Education & Training Services
Country: United States
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