NONE OF THIS MONEY WILL GO TO ANY OF THE ADVISORS!!!!!!
From: http://www.wikinvest.com/wikinvest/api.php?action=viewNews&aid=4373439&page=Stock%3AApollo_Group_%28APOL%29&comments=0&format=html
For the year ending in August 2013, sales will be $3.65 billion to $3.8 billion, Phoenix-based Apollo said yesterday in a statement. Analysts on average projected revenue of $4.07 billion, based on estimates compiled by Bloomberg. Over the past year, enrollment at the University of Phoenix fell 14 percent to 328,400 students.
‘More Nimble’
The company said it will take steps to reduce annual operating expenses by at least $300 million by 2014. It will close 115 University of Phoenix locations, including 25 campuses and 90 smaller centers. The company will continue to operate 112 locations. Apollo is also cutting 800 jobs over the next fiscal year, according to the statement.