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Earnings highlights: Goldman Sachs, Morgan Stanley, FedEx, Kroger and others

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

Upcoming quarterly reports include AutoZone (NYSE: AZO), Lennar (NYSE: LEN), Bed Bath & Beyond (NASDAQ: BBBY), Nike Inc. (NYSE: NKE), Research in Motion (NASDAQ: RIMM), and KB Home (NYSE: KBH).

Visit AOL Money & Finance for more earnings coverage.

K12 aces its IPO

Not that long ago, people thought going to an online school was second-rate. But it's now becoming common – and widely accepted.

For the most part, online education has been mostly for adults (especially those who already have busy careers). But things are changing; take a look at K12 (NYSE: LRN). This online school caters to students from kindergarten through 12th grade.

K12 went public this week, spiking 36% to $25.55 in its shares' first day of trading.

The company's platform is quite sophisticated, which is the result of more than $100 million in curriculum and technology investments. There are more than 11,000 lessons, which employ things like Flash animations, real-time feedback and so on.

From 2004 to 2007, enrollments went from 11,000 to 27,000 and revenues increased from $71.4 million to $140.6 million (which is a compound annual growth rate of about 25%). K12 makes money primarily from contracts with public schools.

One of K12's major shareholders is Mike Milken, who was the "junk bond" king of the 1980s.

The lead underwriters on the IPO included Morgan Stanley (NYSE: MS) and Credit Suisse (NYSE: CS).

You can find the prospectus at the SEC website. Also, if you want to find other recent IPO information, visit DealProfiles.com.

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

K12: Moving to the NYSE playground

A virtual public school? That's what K12 does. Over the years, the company has invested roughly $95 million to create an e-learning environment where grade school students get instruction from certified teachers. Now, the company has filed to go public.

K12 has arrangements with public school systems in 16 states. From 2004 to 2007, enrollments increased from 11,000 to 27,000 students. And during this time, revenues went from $71.4 million to $116.9 million.

Parents choose K12 for a variety of reasons, such as geographic constraints, disabilities, the need for faster or slower learning, and even safety concerns of local schools.

So far, the results have been fairly strong. The students test near or above state averages on standardized tests. What's more, based on an internal study of K12 parents, about 97% were "satisfied or very satisfied" and 95% said they would recommend the company to other families.

The lead underwriters on the IPO include Morgan Stanley (NYSE: MS) and Credit Suisse (NYSE: CS). The proposed ticker is LRN.

The IPO prospectus is at the SEC website. Also, check out more recent filings.

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: November 10, 2009: 07:59 AM

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