Grand Canyon Education, Inc. (LOPE)

91.49
NASDAQ
Prev Close 88.74
Day Low/High 88.27 / 91.63
52 Wk Low/High 57.89 / 132.72
Exchange NASDAQ
Shares Outstanding 47.31B
Market Cap 4.20B
P/E Ratio 16.62
Div & Yield N.A. (N.A)

For-Profit School Stocks Get Dinged

The rumor is that educational subsidies for the military may be cut.  High above the Alps, my Gnome is hearing that the for-profit school stocks are down across the board because of a rumor that the administration might be considering cutting school...

Recommended Reading

Run, don't walk, to read a New York Times column that raises some concerns regarding high rates of student defaults. I have recently expressed concern about the efficacy of the for-profit educational sector and the risk to the industry's share price...

Favorite Long and Short

Let's break it down. Favorite long: Lincoln National (LNC) Favorite short: Grand Canyon Education (LOPE)

Favorite Long and Short

My favorite long is TBT, and my favorite short is Grand Canyon Education. Favorite long: ProShares UltraShort 20+ Year Treasury (TBT). Favorite short: Grand Canyon Education (LOPE).

The Day Ahead: Rally Caps On

Building on Monday's gains, U.S. stock futures were headed significantly higher Tuesday,