Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of for-profit college Education Management
So what: Earnings per share for Education Management -- which is still majority owned by Goldman Sachs
Now what: Like shares of other for-profit educators, Education Management's stock is trading at a bargain-like multiple -- currently, just over seven times expected fiscal 2011 earnings. That rock-bottom multiple isn't without cause, though. The entire sector has a cloud of uncertainty hanging over it as the government has been cracking down on the colleges' use of federal aid programs. Elsewhere in the industry today, Apollo Group
Interested in more info on Education Management? Add it to your watchlist by clicking here.