A quick analysis shows the company has a debt-to-equity ratio of 0.86, less than that of the industry average, implying that there has been a relatively successful effort in the management of debt levels. The return on equity has improved slightly when compared with the same quarter one year prior. This can be construed as a modest strength in the organization. Compared with other companies in the Capital Markets industry and the overall market, on the basis of return on equity, Apollo has outperformed in comparison with the industry average but has underperformed when compared to that of the S&P 500. Financially, the company is doing well. In the most recently quarterly results, revenue rose nicely by 20.1% -- the growth in revenue appears to have helped boost the earnings per share. The company's net operating cash flow is a cause of concern. Net operating cash flow has significantly decreased to -$892.65 million, or 215.03%, when compared with the same quarter last year. Also, the share price has done very poorly compared to where it was a year ago. Despite any rallies, the net result is that it is down by 38.55% -- underperforming the S&P 500 Index. Investors have so far failed to pay much attention to the earnings improvements the company has managed to achieve over the last quarter. Naturally, the overall market trend is bound to be a significant factor. However, in one sense, the stock's sharp decline last year is a positive for future investors, making it cheaper (in proportion to its earnings over the past year) than most other stocks in its industry but due to other concerns, we feel the stock is still not a good buy right now. Apollo had been rated a buy since May 16, 2008.