The 10 Worst-Performing College Endowments

The 2009 fiscal year was brutal for most university endowments–some more so than others. The average endowment for all colleges in the U.S. and Canada was down 18% after fees, according to a report by the Commonfund. These universities, however, performed worse than average. Here are the worst- performing endowments in 2009 with more than $1 billion in assets. Click on the school names for more information about each school. The 2009 fiscal year was brutal for most university endowments–some more so than others. The average endowment for all colleges in the U.S. and Canada was down 18% after fees, according to a report by the Commonfund. These universities, however, performed worse than average. Here are the worst- performing endowments in 2009 with more than $1 billion in assets. Click on the school names for more information about each school. [Read the full article]

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Cash America International, Inc. (NYSE: CSH – News) reported today that its fourth quarter ended December 31, 2009 net income attributable to the Company increased 107% to $33,683,000 ($1.09 per share) compared to $16,267,000 (54 cents per share) for the fourth quarter of 2008. The results for the fourth quarter of 2009 exceeded the top-end of the Company previously released guidance for earnings per share of between 94 cents and $1.02, published in its October 22, 2009 press release. The earnings for the fourth quarter of 2008 included unusual items totaling $6,041,000 after taxes (20 cents per share), related to the closure of cash advance locations, severance and management realignment expenses. [Read the full article]

World Acceptance Corporation (Nasdaq: WRLD) today reported record results for the third quarter of fiscal 2010, including a 64.8% increase in diluted earnings per share, a 13.9% increase in gross loan balances, and a 13.3% increase in revenues for the quarter ended December 31, 2009, compared with the corresponding quarter of the prior fiscal year.

Net income for the third quarter rose 66.4% to $14.8 million compared with $8.9 million for the same quarter of the prior year.  Net income per diluted share increased 64.8% to $0.89 in the third quarter of fiscal 2010 compared with $0.54 in the third quarter of fiscal 2009.  The fiscal 2009 net income for the third quarter was revised from $10.0 million, or $0.61 per share to $8.9 million, or $0.54 per share, due to a change in an accounting principle for the Company’s convertible notes. [Read the full article]

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CompuCredit Holdings Corporation (NASDAQ:CCRT – News) (“CompuCredit”) today announced that it has commenced a “Modified Dutch Auction” cash tender offer (the “Tender Offer”) for up to $160.0 million aggregate principal amount (the “Tender Cap”) of its outstanding 3.625% Convertible Senior Notes due 2025 (the “2025 Notes”) and its outstanding 5.875% Convertible Senior Notes due 2035 (the “2035 Notes” and, together with the 2025 Notes, the “Notes”). The tender offer consists of two separate offers, with one offer to purchase up to $160.0 million aggregate principal amount of the 2025 Notes and a second offer to purchase the 2035 Notes in an aggregate principal amount up to the amount of the Tender Cap remaining (if any) for the purchase of the 2035 Notes following the purchase of the 2025 Notes. The Company expects to fund the purchase of the Notes tendered in the Tender Offer with available cash on hand. [Read the full article]

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