TABLE OF CONTENTS
EXECUTIVE SUMMARY……………………………………………………………………………………3
PRESIDENT OBAMA’S VISION…………………………………………….………………………………4
DEFINING THE MARKET, THE SIZE & GROWTH POTENTIAL……………………………………………5
FACTORS SUPPORTING THE GROWTH…………………………………………………………….……..7
THE FOR-PROFIT (PROPRIETARY) POST-SECONDARY EDUCATION SPACE………………..………….11
DEMOGRAPHICS……………………………………………………………………………...………….14
WHY ARE CAREER COLLEGES GROWING FASTER THAN TRADITIONAL……………...……………….16
ONLINE POST-SECONDARY EDUCATION…………………………………………….………………….20
REGULATION AND FUNDING……………………………………………………………………………..21
INVESTMENT DISCUSSION…………………………………………………………….…………………25
HOW BIG ARE THE PUBLIC COMPANIES………………….…….………………………..……………..26
VALUATION…………………………………………………………………………………………..….27
STOCK PERFORMANCE……………………………………………………………….………………….31
INITIATING COVERAGE ON APOL, DV, CECO, AND APEI…………………………...………………34
COMPARING THE COMPANIES……………………………………………………….………………….35
SHORT INTEREST BY COMPANY…………………………………………………………………………39
APOLLO GROUP REPORT………………………………………………………………………………..40
AMERICAN PUBLIC EDUCATION REPORT………..……………………………………………………...64
DEVRY REPORT………………………………………………………………………………………….81
CAREER EDUCATION REPORT…………………………………………………………………………..98


雷达卡




京公网安备 11010802022788号







