Key bullets--
How much longer will investors give Apollo Education Group (APOL) management? How about the Board that hasn’t been minding the shop?
Apollo’s latest toxic quarterly report was packed with more of the same.
Deteriorating key metrics, falling revenues, and decreasing relevance.
Of course, none of this is out of trend line with what’s been taking place at the underlying University of Phoenix the last few years.
Structurally Apollo has some serious question marks and has had some serious question marks that current management and the current Board just don’t have answers for.
And my favorite--Cappelli clearly doesn't "get" any of these.
Link (but you may have to subscribe to Seeking Alpha to read all of it)==http://seekingalpha.com/article/3300165-apollo-who-is-minding-the-shop