Mon, Apr. 27, 1:37 PM
- For-profit education stocks are getting bashed after Corinithian Colleges (COCO -25.9%) closes all of its schools in a development that throws a spotlight on the sector.
- CNBC reports it's the largest shutdown in the history of higher education in the U.S.
- Previously: Education stocks on watch after Corinthian Colleges shuts down (Apr. 27 2015)
- Decliners: Apollo Education (NASDAQ:APOL) -1.5%, Career Education (NASDAQ:CECO) -7.1%, Strayer Education (NASDAQ:STRA) -1.7%, Lincoln Education (NASDAQ:LINC) -1.3%, Education Management (NASDAQ:EDMC) -4.1%, National American University Holdings (NASDAQ:NAUH) -1.8%, American Public Education (NASDAQ:APEI) -1.3%.
Mon, Apr. 27, 7:27 AM
- For-profit education stocks could see some volatility after Corinthian Colleges (NASDAQ:COCO) decides to shut down 28 schools in a move that will displace close to 10K students.
- The abrupt closure is receiving significant attention from student advocacy groups and increase the chances of politicians stepping into the for-profit fray.
- On watch: APOL, CECO, DV, STRA, ESI, LOPE, APEI, LINC, BPI, LRN, EDU, NAUH.
Tue, Mar. 31, 10:35 AM
- A group of Corinthian College (NASDAQ:COCO) students are attempting to back out of their student loan obligations after the company closed campuses to diminish the value of degrees from the institution.
- The students have some support from the CFPB in their bid for debt relief, although the federal agency won't advocate for non-payment.
- The development is another bright spotlight on a sector already reeling from enrollment losses.
- "I just turned 22 and I have this much debt and I have nothing to show for it," summed up one Corinthian student on her plight.
- On watch: Career Education (CECO -2.3%), ITT Educational Services (ESI -2.2%), Education Management (EDMC -7.3%), Strayer Education (STRA -1%), DeVry Education (DV -0.5%).
Wed, Mar. 18, 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%).
Thu, Mar. 12, 9:34 AM
- The Treasury Department and Department of Education are looking into a proposal to make it easier for student loans to be included in bankruptcies.
- Though the bankruptcy angle is only a small portion of the comprehensive Student Aid Bill of Rights aimed at the lending industry, it's expected to be one of the most controversial aspects of the proposed legislation.
- For-profit education stocks: APOL, CECO, COCO, DV, STRA, ESI, LOPE, APEI, LINC, BPI, LRN, EDU,
Fri, Feb. 6, 7:39 AM
- Strayer Education (NASDAQ:STRA) reports revenues declined 6% for the quarter and 11% for the year due to lower enrollment and lower revenue per student.
- Operating margin rate was 19.5% for Q4 & 18.3% for the fiscal year.
- Total student enrollments -370 Y/Y to 40,728.
Fri, Feb. 6, 6:34 AM| Comment!
Thu, Feb. 5, 5:30 PM
Fri, Jan. 9, 3:03 AM
- President Obama has unveiled a proposal to make community college free for the first two years, with federal funding covering three-quarters of the cost and states that participate contributing the rest.
- "We have to make sure that everybody has the opportunity to constantly train themselves for better jobs, better wages, better benefits," announced Obama.
- The White House expects an estimated 9M students to participate in the program and save $3,800 a year on tuition.
- Education Stocks: CECO, STRA, COCO, ESI, ITT, BPI, LINC, DV, LOPE, APEI
- APOL -0.7%; EDMC -6.1% AH
Tue, Jan. 6, 5:56 AM
Sat, Jan. 3, 10:50 AM
- "The for-profit sector is dead," is the grim assessment from sector pioneer Michael Clifford.
- Tougher federal regulation enforced by the Obama administration and increased scrutiny by students on the value of diplomas have chipped the growth story down to a nub.
- Excess capacity in the sector could lead to tuition price cuts in 2015, warn analysts, particularly for post-secondary medical and technology programs.
- On watch: DV, APOL, STRA, ESI, CPLA, BPI, EDMC, COCO, APEI, LINC, NAUH.
- Grand Canyon Education (NASDAQ:LOPE) could be the outlier in the group. The stock managed a 4.6% over the last year on a higher mix of traditional campuses.
Oct. 30, 2014, 6:47 AM| 1 Comment
Aug. 1, 2014, 7:55 AM| Comment!
Jul. 31, 2014, 6:42 AM| Comment!
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%.
Jun. 11, 2014, 11:30 AM| 22 Comments
STRA vs. ETF Alternatives
Strayer Education Inc provides post-secondary education services for working adults. It offers undergraduate and graduate degrees in the fields including business administration,accounting, information technology, and health services administration.
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