Super Bowl 'Smash-It-Up' Trades
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Super Bowl Trade IV: Buy Apollo Group (APOL)
University of Phoenix parent rises like the mythical bird
By Chris Johnson and Jon Lewis
Phoenix-based Apollo Group (APOL) offers high school, college and graduate educational programs and services through various subsidiaries, including the University of Phoenix (the namesake of the Cardinals' home turf). It's a good space to be in these days, as laid-off workers and those fearful of layoffs look to enhance their attractiveness to a dwindling number of employers.
Apollo boasts a strong balance sheet, thanks to solid enrollment growth and expanding margins. The company is also actively expanding through acquisition, especially globally. In short, APOL is doing the right things in the right space at the right time, and that was demonstrated by the company's recently earnings report that blew out analysts' expectations.
The price chart bears out Apollo's recent success. The stock was one of very few winners in 2008, gaining around 9%. Currently, the shares are pulling back to solid technical support, which makes for an ideal entry point.
Buy Apollo Group. (APOL)
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