Industry & Services >> Analyst Interviews >> February 9, 2009

FOR-PROFIT EDUCATION COMPANIES – TRACE A. URDAN – SIGNAL HILL CAPITAL GROUP, LLC

Trace A. Urdan is a Managing Director at Signal Hill Capital Group, LLC. He has covered the for-profit education industry as a research analyst for 11 years and has twice been cited as an All-Star analyst by The Wall Street Journal. He is well known as the editor of a weekly industry newsletter and is widely cited as an expert on the topics of for-profit education and e-learning. He recently testified before the Secretary of Education's Commission on the Future of Higher Education. Prior to joining Signal Hill, he headed education research for Robert W. Baird & Co. Before beginning his career as an investment research analyst with DB Alex. Brown, he held senior management positions within Time Inc. and KPMG Peat Marwick. He earned his BA degree from Yale University and his MBA degree from Harvard Business School. Profile
TWST: How did the education group fare from a business perspective in 2008, as

the economy slowed?

Mr. Urdan: As the economy slowed, we saw this group really accelerate both in

terms of the