Career Education Corp.
In the following 45 days after the end of the first quarter of the year, institutional investors that exercise investment discretion of over $100 million in capital are required to reveal their long equity positions through 13F SEC filings. One of this investors, Michael Kao, the manager of Akanthos Capital has filed recently his first quarter 13F disclosing his holdings at the end of March 31st.
Taking a look at more »
The for-profit education sector has been hit hard by the market, and for good reason. This industry utilized dishonest marketing practices and drove its enormous growth using massive amounts of federal funding that was rubber stamped by public servants asleep at the wheel. But the party's now over; new rules and additional oversight have pushed many companies in this sector into the red, causing massive losses. But has the more »
As the economy continues to struggle and find some stable footing, many industries are naturally suffering. Restaurants find that less people eat out when they’re worried about their next paycheck, and retailers have pretty much the same observations. So where is an investor and fellow Fool supposed to put some money to work that seems to have the potential to beat the general market indices? One recession-proof industry has more »
One of my favorite books is Jason Zweig’s “Your Money and Your Brain.” Most investing books I’ve read were on nuts and bolts, valuations and the like. But what I’ve always struggled with, is the emotional side of investing, not fundamentals.
If you haven’t read Mr. Zweig’s book, I highly recommend it as it focuses on topics you may not have read elsewhere. One of more »
One way that a trend becomes a game-changer is when the business media say it is. Last Friday, THE WALL STREET JOURNAL declared online education as the force which will topple the Ivory Tower. Dirt-poor Bronx kids view online the same courses elite Harvard undergraduates do. Harvard won’t collapse but the advantage it provides graduates will be downsized.
Investors in for-profit recognize immediately that, yes, the sector was on more »