Case | HBS Case Collection | November 2011 (Revised December 2013)

The Long and Short of Apollo Group and the University of Phoenix (A)

by Luis M. Viceira, Joel Heilprin, Andrew S. Holmes and Damian M. Zajac

Abstract

A hedge fund is deciding whether to liquidate its position in Apollo Group, a for-profit education firm, in light of significant political and macro-economic uncertainty facing the industry. As part of the investment analysis a complete discounted cash flow analysis must be performed.

Keywords: Higher Education; Web; Online Technology; Education Industry; Technology Industry;

Citation:

Viceira, Luis M., Joel Heilprin, Andrew S. Holmes, and Damian M. Zajac. "The Long and Short of Apollo Group and the University of Phoenix (A)." Harvard Business School Case 212-045, November 2011. (Revised December 2013.)