The great document dump…
Earlier today, Apollo Group (APOL), which is probably best known for the University of Phoenix, filed three Qs and a K dating back to the quarter that ended last May 31. And, as if that wasn’t enough to lay on investors all at once, the company also held a conference call earlier this morning.
Granted, Apollo announced on Friday that the document dump was happening, which gave investors time to prepare. But it’s hard to imagine anyone really having a chance to even skim the filings before this morning’s call started. Indeed, a quick glance at 10KWizard’s nifty Compare Wizard feature shows some fairly significant language changes between the Q for the quarter ended May 31, 2006 and the ones for the quarters ended Nov. 30 and Feb. 28.
Maybe there’s a need for a new course at the University of Phoenix. Heck, it could even be the beginning of a whole new doctorate program: Advanced Investor Confusion.