http://www.pleaseactaccordingly.com Tue, 31 Aug 2010 13:19:07 +0000 http://backend.userland.com/rss092 en THQI's "summer of discontent" appears it could finally be coming to a close.  Since Memorial Day, THQI shares have lost close to 40% in value. THQI shares now trade below book value and appear to discount a scenario in which the company continues to struggle to generate consistent profitability and ... http://www.pleaseactaccordingly.com/?p=2863 Barron's columnist Andrew Bary published a follow up piece this weekend to his initial write-up on WPO in which he argued that the stock could be worth as much as $900/share.  You can read the original article here.  Mr. Bary's initial thesis on WPO was predicated on a sum of ... http://www.pleaseactaccordingly.com/?p=2842 Our short thesis on COCO has never been predicated on a change in the regulatory landscape governing the for-profit postsecondary education sector.  While the outcomes of NegReg 2009 and potential legislation by Congress could have a substantial impact on the company's future earnings prospects, it was the transition from a ... http://www.pleaseactaccordingly.com/?p=2833 TTC reported strong 3Q10 result this morning,  you can read the full release here.  On the heels of BGG's blow-out numbers, it should come as no surprise that TTC delivered significant upside to consensus estimates for 3Q10. Heading into the quarter we thought the company could generate revenue growth of ... http://www.pleaseactaccordingly.com/?p=2824 We wanted to provide you with an update on the performance of our SMid Cap portfolio, which we introduced on 9/3/09. You can read more about the parameters for the portfolio, our approach to risk management, and return objectives of the PAA Research SMid Cap Portfolio here. As a reminder ... http://www.pleaseactaccordingly.com/?p=2812 On July 23rd, stocks in the for-profit education sector "ripped" after the release of the Department of Education's initial proposal on "gainful employment".  At that time, many investors thought the inclusion of a "repayment rate" provision in the gainful employment regulation would create a significant safe harbor for operators in ... http://www.pleaseactaccordingly.com/?p=2796 We recently introduced a pair trade idea: long BGG/short TTC.  Thus far the trade has returned 2.1% compared to a 2.3% gain for the S&P 500.  We still think the pair trade has the potential to generate a total return in excess of 25% over the next 3-6 months.  Our ... http://www.pleaseactaccordingly.com/?p=2785 We are adjusting our 4Q10 and FY11 estimates to reflect a slower ramp-up in production at IPSU's Port Wentworth refinery and the feedback we received in our conversation with management.  We recognize that many investors are frustrated by the rate of productivity gains at Port Wentworth.  Simply stated management has ... http://www.pleaseactaccordingly.com/?p=2773 In our preview of WPO's 2Q10 earnings release we asked: "As the Questions Pile Up, Will We Finally Get Some Answers?"  Today's earnings release provided little in the form of clarity on the questions we asked, but it clearly has served as a "wake up call" to WPO investors.  In ... http://www.pleaseactaccordingly.com/?p=2760 IPSU reported its 3Q10 results this morning and issued its 10-Q filing for the quarter. Overall, the company's topline exceeded our expectations, but EPS fell short due to continued efficiency issues at the company's Port Wentworth refinery as well as a few other one-time factors. Where Our Estimates Were Wrong For such ... http://www.pleaseactaccordingly.com/?p=2751