Strayer Education (STRA) Q3 2011 Earnings Call November 03, 2011 10:00 am ET Executives Mark C. Brown - Chief Financial Officer, Principal Accounting Officer and Executive Vice President Sonya G. Udler - Senior Vice President of Corporate Communications Karl McDonnell - President and Chief Operating Officer Robert S. Silberman - Chairman of the Board and Chief Executive Officer Analysts Trace A. Urdan - Wunderlich Securities Inc., Research Division Sara Gubins - BofA Merrill Lynch, Research Division Peter P. Appert - Piper Jaffray Companies, Research Division Kelly A. Flynn - Crédit Suisse AG, Research Division Amy W. Junker - Robert W. Baird & Co. Incorporated, Research Division Thomas Allen - Morgan Stanley, Research Division Jeffrey M. Silber - BMO Capital Markets U.S. Andrew C. Steinerman - JP Morgan Chase & Co, Research Division Corey Greendale - First Analysis Securities Corporation, Research Division Robert L. Craig - Stifel, Nicolaus & Co., Inc., Research Division Gary E. Bisbee - Barclays Capital, Research Division Brandon Burke Dobell - William Blair & Company L.L.C., Research Division Peter Wahlstrom - Morningstar Inc., Research Division PresentationOperator
Good morning, everyone, and welcome to Strayer Education Incorporated's Third Quarter 2011 Earnings Results Conference Call. This call is being recorded. Following today's call, we will offer the opportunity for questions and answers. At this time, for opening remarks and introduction, I would like to turn the call over to Strayer Education's Senior Vice President of Corporate Communications, Ms. Sonya Udler. Ms. Udler, please go ahead. Sonya G. Udler Thank you, operator. With us today to discuss the results are Robert Silberman, Chairman and Chief Executive Officer for Strayer Education; Karl McDonnell, President and Chief Operating Officer; and Mark Brown, Executive Vice President and Chief Financial Officer.
Investors considering a purchase of Strayer Education, Inc. stock, but tentative about paying the going market price of $66.40/share, might benefit from considering selling puts among the alternative strategies at their disposal.