Apollo Group, Inc. (APOL)

[Phaedrus]

Another one at which I am looking is Apollo Group:

Company Site

Quote

Putnam's newsletter had an article a month or two ago about looking for value in companies involved in backdating scandals. These scandals are not hitting the companies' foundations; only making the stocks dip a bit.

The pattern of a sudden drop followed by steady upward sloping
gain has been played out in Brocade, Home Depot, McAfee, Medarex and
Microsoft -- and probably others, but those are the ones I've tracked.
APOL is currently trading just over its 52-week low and seems to have a
nice upswing going.


Phaedrus

 

[Dawoofdaddy]

These scandals are not hitting the companies' foundations; only making the stocks dip a bit.

This isnt a stock I trade, but I have occasionally watched it on my screens.

However, I must question the wording when a newsletter says a stock has dipped a bit when its down 45% this year.

This one, I will also add at this time I would not buy. Really not much need doing much research with this one...I dont wont buy any particular tech stock near a 52 week low when the nasdaq is near its 52 week high.

Good luck if you buy it...I wouldnt buy it, but if you do, try to keep a shorter term time horizon and sell it if you catch a nice dead-cat bounce rally.

:WTF:

 

[Phaedrus]

Just to be clear, "dip a bit" was my phrase, not Putnam's.

I've been following the backdating mini-scandals pretty closely, because they do have an effect on share price but not the company itself -- APOL just happens to be one that, as far as I can tell, is on the upswing from its investigation.

Thanks for your feedback in any event.


Phaedrus

 

[Dawoofdaddy]

This stock was much stronger than overall market today.

 

[TheKinz]

is this the same Apollo Group that is taking Realogy (Cendant spin off which includes Coldwell Banker) private and also is invloved in the Harrah's possible buyout?

 

[buffettgambler]

is this the same Apollo Group that is taking Realogy (Cendant spin off which includes Coldwell Banker) private and also is invloved in the Harrah's possible buyout?

No

 

[Phaedrus]

I am APOL to my buy list for any dip under $45 per share (assuming such a dip happens relatively soon.)


Phaedrus

 

[Phaedrus]

Closed at $44.96 yesterday ... up a bit in after hours. Will possibly put in an order on this today.


Phaedrus

 

[Phaedrus]

Trade executed at $46.41 per. I missed my opportunity this past week due to other commitments, but I still like this entry point.


Phaedrus

 

[Hope1]

chart wise, i think your entry point is a good one, Phaedrus.

I know nothing of this stock, or its sector.

do you have a target price? intermediate trade? long term hold? time frame? fundamentally ?

thinking of following you here, will wait on your response. Thks in advance, have a good day.

 

[Phaedrus]

I'm going to hang onto it for a while -- when it hits high 50s I'll start looking at what to do with it next. This is a mid-term deal, probably a 12-18 month hold barring some sudden spike or dip.

Oftentimes when I finally commit to a stock I'll find myself doing some short-term in and out trades while I wait for the main trade to mature; I'll post any thoughts or report any actions along those lines here.


Phaedrus

 

[Hope1]

we should get a move today, hopefully a break on high volume thru its 52 wk high

Arizona's Apollo Group (APOL - Cramer's Take - Stockpickr - Rating), which runs the University of Phoenix, among other educational programs, said adjusted income in the third quarter rose 3 cents from last year to 81 cents a share, or $141.4 million, and furthermore launched a $500 million share-repurchase program. Shares were up $3.97, or 7.8%, to $54.75, in recent late trading.

well done Phaedrus, thk you

:toast:

 

[Hope1]

$56 on massive early volume

:aktion033

 

[Phaedrus]

It's at $58.10 now ... although not entirely congruent with my original strategy, I'm going to go ahead and take the money today and watch it for dips into the $47.50-$50.00 per share range as a possible repurchase.


Phaedrus

 

[Phaedrus]

Closed out at $58.28 yesterday - 25% return in 3.5 months. Not really where I was going with it, but hard to resist the price right now, which I feel is actually over where it should be. Will probably pick it back up when it drops.


Phaedrus

 

[GreenDoberman]

Nice trade.

 

[sunnyblue100]

Wish I saw this early, thanks for the good work, please keep sharing.

 

[sunnyblue100]

[

The pattern of a sudden drop followed by steady upward sloping
gain has been played out in Brocade, Home Depot, McAfee, Medarex and
Microsoft -- and probably others, but those are the ones I've tracked.
APOL is currently trading just over its 52-week low and seems to have a
nice upswing going.



Interesting find, looks like a reliable pattern.