Auxier is fully invested, although he recently pared stakes in companies such as for profit education specialists Apollo Group (APOL) and Bridgepoint Education (BPI).

The strategy can mean doing catch-and-release multiple times with one stock, as has been the case with the for-profit education giant Apollo Group (APOL), which they've bought three times. It can also mean waiting many years for the opportunity to catch a coveted stock, as was recently the case with Monsanto (MON). "In some ways [Apollo's] countercyclical," Coats explains. "As people go through transition periods in their professional lives, they want to improve their opportunities." Enrollment pushed past 420,000 in the company's third quarter, a 22.5% gain from the previous year, boosting the company's revenue 26%. The stock trades at about $64, up from 58 when Coats bought it in May.

Stock Wrap: The Real Story, June 30: Oil futures fell, and the major stock indices in New York shed up to 1% Tuesday. The end of the second quarter is here, with an unexpected drop in consumer confidence.
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These companies, not unlike Sallie Mae (SLM) and the Apollo (APOL) / Strayer (STRA) contingent are all in Obama's cross hairs. These are companies that are viewed at best as friction and a tax on the system and at worse, actual taxpayer rip-offs.

Strong performance

"Apollo? Suddenly they don't like it? I am wary of this stock going down hard, because those who believe in the secular growth of the online education segment will not stop here and be deterred by this contrary indicator to their thesis." ("New Is One Thing, and Trading Is Another," April 1)

Cramer said the chart of Apollo (APOL) is being to look ''toppy,'' a term meaning the stock is running out of steam. The stock has put in a double top, with the second top achieved on lighter volume, meaning there's no one left to buy as the value investors being to head for the hills.

growth and earnings

Apollo Group (APOL) upgraded at Bank of America. Rating raised to Neutral from Sell. Maintains $60 price target and 2008 EPS estimates of $2.70.

PE OF 31.08, and a PEG of 1.57.

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