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Summer School For The Princeton Review

tpr.jpg
And they say that everything's been breezy for test prep companies. Well, maybe so, but tthings have been pretty rough for The Princeton Review of late, according to Robert Baird Associates' monthly Class Notes: "A 13% increase of shares of Renaissance Learning and modest increases in shares of Scientific Learning (+5%), Plato Learning (+3%) and School Specialty (+2%) were offset by a 27% decline in shares of Princeton Review following the announcement that the company dismissed its auditors and made changes to the board of directors including the resignation of the chairman." According to Class Notes,TPR has announced the election of a new independent director, Clyde E. Williams, Jr., and the resignation of current Chairman of the Board of Directors, Howard Tullman. Princeton's CEO, John Katzman, will reassume the responsibilities of Board Chairman. No word about the auditor thing.
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