PoliticalChic
Diamond Member
"Taxpayers and parents nationwide lament that the U.S. spends more annually on education than any other developed nation, yet the quality of our primary schools ranked 25th worldwide last year according to the World Economic Forum. It was a long-standing gap between spending and performance that led Congress to pass what is now known as No Child Left Behind (NCLB) in 2001. The education act emphasized higher academic standards and greater teacher accountability for students' progress. The results have been mixed, but a newly public remote-learning company appears to have found a business model to capitalize on trends stemming from NCLB.
Dallas-based Archipelago Learning (ARCL, $19.00, 0.11) came to market on November 20th to generally positive reviews. The stock priced at $16.50, which was within its anticipated range of $15 to $17. The stock traded as high as $19.50 in its initial session, the stock's high point to date, before closing at $18.77. The shares traded as low as $16.51 last week before rebounding to their current levels.
Archipelago is a subscription-based online education company. It provides standards-based instruction, practice, assessments, and productivity tools designed to improve the performance of educators and students via proprietary Web-based platforms...."
BullMarket.com Weekly Digest
Dallas-based Archipelago Learning (ARCL, $19.00, 0.11) came to market on November 20th to generally positive reviews. The stock priced at $16.50, which was within its anticipated range of $15 to $17. The stock traded as high as $19.50 in its initial session, the stock's high point to date, before closing at $18.77. The shares traded as low as $16.51 last week before rebounding to their current levels.
Archipelago is a subscription-based online education company. It provides standards-based instruction, practice, assessments, and productivity tools designed to improve the performance of educators and students via proprietary Web-based platforms...."
BullMarket.com Weekly Digest