Thursday, March 02, 2006

Apollo Group (Nasdaq:APOL) has a problem

Apollo Group (Nasdaq:APOL) continues to disappoint. Poor results and they now suspend guidance. On Jan 11, 2006 we skeptically commented on strange management shuffles. Now the stock is dropping like a stone. Potential Governance problems or just a bad investment? When you have to sneak the old president out the back door you just know it’s not a value play. Lawsuits? Class actions? Sudden returns to stability would look suspicious.