Kevin M. Modany
Thank you, operator. Good morning, ladies and gentlemen, and thank you for joining us on our conference call to review our 2012 second quarter results. As usual, Dan Fitzpatrick, our Executive Vice President and Chief Financial Officer, is on the call with me this morning. For our prepared remarks today, we'll follow our standard format and limit our comments so as to allow more time for your questions during the Q&A session.
We'll begin the call with a brief review of our marketing and advertising efforts in the quarter. We'll then provide some additional color on the new student enrollment results for the academic period that began in June 2012. Additionally, we'll speak to the leading indicators related to new student enrollment for the academic period that will begin in September 2012. Next, we'll provide an overview of student retention and the number of graduates in the second quarter of 2012 compared to the same period in the prior year, as well as the resulting impact on our student persistence rate in the quarter. At that point, we'll provide the graduate employment metrics for our 2011 graduates compared to the same metrics for our 2010 graduates. We'll also provide an update on the year-to-date graduate employment metrics of our 2012 graduates in comparison to the 2011 graduate metrics at the same point in the prior year. I will then provide an update on our progress related to various elements of our strategic plan. And lastly, before I turn it over to Dan, I'll provide a few comments regarding our efforts to facilitate additional private education loan options for our students. Dan will then conclude the prepared comments portion of our call by providing additional color on the financial results reported in this morning's press release. At that point, we'll open up the call for your questions.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV