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APEI: A Diamond in the Rough

Hilary KramerA great university, but an even better stock. Why? American Public University System (APUS), wholly owned by American Public Education, Inc. (APEI), makes a strong case for leadership in its segment by providing online programs to address critical challenges in higher education. As America faces the dual challenges of reining in crippling tuition costs while significantly increasing the number of college graduates receiving a quality education, APUS has found a business model that seems to accomplish both goals.

Continue reading APEI: A Diamond in the Rough

Earnings Highlights: Campbell, Dreamworks, Home Depot, Safeway, Target ...

Here are some highlights from this past week's earnings coverage on BloggingStocks:

  • American Public Education Inc. (APEI) received an analyst upgrade following the Q4 report and guidance.
  • Autodesk Inc. (ADSK) traded higher after it reported swinging to a profit in Q4, but revenue declined year over year.
  • Blackstone Group (BX) reported adjusted Q4 earnings, compared to a year-ago loss, and postive renvenue too.
  • Campbell Soup Co. (CPB) higher Q2 earnings beat estimates, but shares fell on so-so revenue results.
  • DreamWorks Animation SKG Inc. (DWA) lower Q4 earnings beat expectations but net income for the full year rose.
  • Garmin Ltd. (GRMN) topped analysts' Q4 earnings expectations but shares fell after it warned of lower margins.

Continue reading Earnings Highlights: Campbell, Dreamworks, Home Depot, Safeway, Target ...

The week in preview: Bernanke, earnings winners, and Raymond James conference

After testifying before a Senate committee about AIG (NYSE: AIG) last week, the Fed's Ben Bernanke participates in a Council of Foreign Relations event Monday evening.

Economic data due to be released this week include wholesale trade and job vacancies for January on Tuesday morning, the U.S. Treasury budget for February on Wednesday, retail sales for February and business inventories for January on Thursday morning, and the U.S. trade balance for January on Friday morning.

Continue reading The week in preview: Bernanke, earnings winners, and Raymond James conference

American Public Education: Enrolling for an IPO

With tough schedules, online education makes a lot of sense for active and reserve military professionals (which total about 2.1 million). In fact, last year the Department of Defense budgeted $430 million for tuition assistance programs.

It's turned out to be a big opportunity for American Public Education (APE), which provides online education for military and public service communities.

And now the firm has filed to go public.

APE has 50 degree programs and 48 certificate programs – with topics that cover things like homeland security, criminal justice, intelligence and even liberal arts. There are about 25,000 part-time adult students.

APE has spent millions on developing its online infrastructure – called PAD. It automates admission, orientation, registration, book requests, transcripts, monitoring and so on.

The company's financials are also attractive. From 2002 to 2006, revenues increased from $10.7 million to $40 million. What's more, operating margins are a healthy 19%.

The lead underwriters on the IPO include William Blair and Piper Jaffray. The proposed ticker is "APEI."

The prospectus is located on the SEC website. Also, if you want to check out more recent IPOs, click here.

Tom Taulli is the author of various books, including the Complete M&A Handbook and the EDGAR-Online Guide to Decoding Financial Statements.

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Last updated: May 25, 2012: 05:54 PM

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