Stock Attack II - A Complete Analysis Message Board

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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: John Madarasz who wrote (20995)	10/6/2001 5:39:11 PM
From: JRI	Read Replies (1) of 52237

Major OT Appreciate anyone's help on this one...please do so by PM, if so inclined... Need some balance sheet analysis of this company: siliconinvestor.com I may be doing some work with these guys, and just wanted an extra pair of eyes to take a look. All comments welcome. One interesting tidbit: They recently acquired a group called Argosy Education (news releases under "news" section). I can't figure out why, though, they would pay 70-75 million in cash, when back in July, their stock price was at an all-time high, and their balance sheet is cash poor. I am assuming that they didn't want the head of the company being purchased (who owns 75% of Argosy's stock) to effectively take control of EDMC. Can anyone enlighten me as to why they didn't do a stock deal? Also, of course, any red herrings in the balance sheet/income statement appreciated. Stock seems very pricey to me, as investors have fled to safety. Thanks a lot in advance.

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