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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: Mr. Pink who wrote (14187)	9/28/2000 10:22:43 PM
From: Mr_X	Read Replies (2) \| Respond to of 18998

Apollo Group? Isn't that run by that fat Crim from Drexel Burnham? Mr. X

To: Mr. Pink who wrote (14187)	9/29/2000 7:35:47 AM
From: Cube	Respond to of 18998

Mr. P$nk initiates coverage on APOL Sounds APOLling! Cube

To: Mr. Pink who wrote (14187)	10/4/2000 3:44:42 PM
From: Peter V	Respond to of 18998

APOL - is this a flying turd? Seems some of those flies have picked it up today and are buzzing around with it. It didn't sink much in the last two days when everything else crapped out. I'm sure those brass balls within that tattered robe are not fazed, but this one might cause some interim pain. Some dingaling set a target of $50, and the fish are pushing it higher.

To: Mr. Pink who wrote (14187)	10/6/2000 1:47:23 PM
From: Peter V	Respond to of 18998

After your prescient call, Hambrecht sees the light on APOL, but still has target at $50, Piper Jaffray says $57: biz.yahoo.com wrhambrecht.com Friday October 6, 8:09 am Eastern Time RESEARCH ALERT-WR Hambrecht cuts Apollo Group NEW YORK, Oct 6 (Reuters) - W.R. Hambrecht on Friday said it had cut its rating on Apollo Group Inc. (NasdaqNM:APOL - news), a provider of higher education programmes, to buy from strong buy and set a price target of $50 a share. -- Apollo shares closed at $45-1/8 on Thursday. -- Analyst Trace Urdan said the downgrade is due to the stock trading within 15 percent of the price target; the stock is up more than 69 percent since it was first recommended by Hambrecht in March. -- ``Over the next 12 months, we continue to expect Apollo to outperform the market, driven by the red-hot demand for University of Phoenix Online degrees,'' Urdan wrote in a research report. Apollo's online division has over 16,000 enrolled students, and a significant number of them are sponsored by employers. -- ``We are also disappointed that upwardly revised expectations for the performance of the online business are being offset by reduced expectations for the core 'brick and mortar' business,'' the research report said. -- Urdan expects Apollo's core business to generate earnings of $0.96 a share in 2001, compared with previous estimates of $1.30, but expects Apollo's online business to break even sooner than previously expected. =============================================== rd.yahoo.com*http://www.cnetinvestor.com/yahoonews/newsitem-yahoo.asp?SYMBOL=R946520 US Bancorp Piper Jaffray Research Notes for IMAN, TRL, APOL, GENZ and IMDC By: US Bancorp Piper Jaffray 10/6/00 7:35:41 AM Apollo Group, Inc. (APOL – 45 1/8) Buy; EPS 01E $0.85; Mkt Cap $3,448M; Avg Vol 696,600; Target $57 (64.0x CY01 EPS) Q4 FY00 EPS Exceeds Our EPS Estimate By $0.02; Strong Enrollment Growth Continues; FY01 Estimate Changes; Increasing Price Target from $31-$36 to $57; Maintain Buy Rating