Those Coke commercials from the winter Olympics amused me.
Apollo Group (APOL), one of the for-profit education companies, looks like it is down 14% in pre-market trading coming off on earnings news. All of these stocks are capable of nasty hits and every so often take dives like this one today.
This ties in with knowing what your stocks are capable of doing. These seem to get smacked like this a couple of times a year.
Before the hit the stock was only at 19 times earnings; I did not read the news but a one day 15% decline is nothing new. I have never had any interest in these so I haven't tried to learn the story but intuitively the declines seem to be bigger than the type of business they are in would justify but as I say this happens frequently with this type of stock.
Proud Member Of
Random Roger
© 2009 | Gadget Theme Blogger Template
Original WPtheme By Blogger Template | Converted By Gadget Lover
| Distributed by eFree Blogger Help
Original WPtheme By Blogger Template | Converted By Gadget Lover
| Distributed by eFree Blogger Help
2 comments:
nice header, lol.
I was going say the same thing, these pups are prone to major gapdowns
Apollo's down to about a p/e of 15 at today's close. Average free cash flow over last three years seems strong. Little debt and top in its industry {Source: Yahoo). I don't think I can resist picking up some shares.
Post a Comment