What's Going On In The Education Industry?
The February issue of Baird & Co's Class Notes is out (PDF here), and as usual it's full of fascinating news from the business side of education that I would otherwise not likely know.
Apparently K12 education stocks are beginning to rally, especially Leapfrog Enterprises (+13%), Scientific Learning (+11%), and Educate (+10%). However, the publishing index increased a modest 1% due to small declines of shares of John Wiley, McGraw-Hill, and Scholastic.
What else? Apollo Group (owners of Phoenix, right?) bought the online high school company Insight Schools, and Educate announced it has "entered into a definitive agreement to be acquired by a group of investors."