Michael Jaffe Quotations

We think revenues will increase by 6 percent in fiscal year 2006.

You never love to hear a company say that they're going to knock earnings down.

In a weak labor market, people go to these schools to finish their degrees or get more credentials in hopes of eventually re-entering the work force,'

The company has been successful, in our view, in implementing its recently announced turnaround program.

They probably made a mistake on this one. This looked a little bit like there would have been some conflict of interest.

For now we're forecasting 30-year mortgage rates of 5.8 percent in 2004, 6.4 percent in 2005 and 6.8 percent in 2006. These are not huge upward moves. We're forecasting a home buyer's market through 2006, ... However, all that can change if mortgage rates get clobbered tomorrow.