Covering the business of education and training

Apollo Group is the biggest of the Fopro education groups. They own University of Phoenix.

Yesterday their stock fell 2 percent after reporting lower third quarter profits because of higher costs.

Corinthian Colleges is another of the big players. They, too, reported a loss of 3 cents/share.

DeVry lost 15 cents and Educational Services lost 3 cents/share as well.

Everybody's trading down, albeit, down very little.

Does this mean that the quality of education provided by these groups has also dipped? Are students losing out 2% on their classes? or 3 cents/dollar they spend on their tuition?

Hardly.

One of the big five - Career Education Corporation reported gains of 2 percent. I reckon if they were all averaged out, it kind of breaks even.

Question: How did the traditional colleges due this last quarter?

Hmmm....nobody knows or will know until they come asking for money.

What do you think?