Word: profiteer
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...Apollo (APOL) is a large education company almost no one has heard of. The firm has a stock market value of $12 billion and had sales of $970 million last quarter. Its operating profit on that was $307 million, so the company has obscene margins. In the last year, Apollo's shares were up almost 30%. While Apollo may not be well-known, it largest division, the University of Phoenix, is well known because it is the largest private university in the country. As people find that they need new skills to find work, Apollo is in a position...
There's at least one profession for which the recession might not bite: dentistry. According to Sageworks, a firm that tracks private-company financial performance, dentists' offices had higher profit margins than any other industry in 2008. With average profit margins at 17%, dentistry outpaced accounting, tax preparation, bookkeeping and payroll services, legal services and mining support services among the top five performing professions in '08. Dental margins rose about 1.5% from 2007, according to Sageworks. (Read "25 People to Blame for the Financial Crisis...
When it launched, NRC Next gave itself a goal of 80,000 daily readers in three years. NRC claims the paper's selling about 10,000 over that mark and that it made a profit of about $3.3 million on sales of $25 million in 2008. "Newspapers are so conservative, and now they're panicking, saying they've got to cut quality, cut costs," says Nijenhuis. "We say that's exactly what...
...Farrell's characters survive in spirit, too. Misfits like Webb still wander into Singapore, and though firms like Blackett's have ceded to local conglomerates, his penchant for order and profit can still be witnessed within today's business élite. With his gentle wit Farrell captures the soul of Singapore: a polyglot Asian port, still partly under the sleepy sway of its British colonial past, and still lurching toward an uncertain future with a furious, irresistible energy...
...Goody's ventures, the one predicted to net her the fattest profit is her death. She had already signed up to star in another reality series (in one of the many ironies that define her life, it happened to be for a channel called Living TV) when she learned of her condition in August. Since discovering last Friday - Friday the 13th, no less - that her illness is terminal, she has secured a series of deals that will reportedly swell her sons' inheritance by ?1 million to ?1.5 million ($1.4 million to $2.1 million, roughly). These include a televised interview with...