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I haven't posted or been here in about a year-started buying in '06...any new news would be appreciated!
i'd take a coupon for a free round of golf with lunch for my shares...
I agree-I'm not saying management is doing a great job by laying people off-this is a reactionary move to the govt's regulations that hit them...all I'm saying...
I agree that there are alot of layoffs, but the savings in payroll dollars should ABSOLUTEY make profits rise and the pps rise steadily again...not saying we'll see $10 or higher in the near future, but maybe the $7 range isn't so far-fetched. This company knows how to make money: they have EXTREMELY talented people in place to steer the ship from here on out, imo.
They lost alot of revenue when the former CEO (?) put a halt on GED students...when he stepped aside there was talk of allowing those students access to enrollment once again but I don't think it has been put into action as of yet...
there aren't many left to layoff:there are instances of presidents and deans quiting-instead of being terminated-while on PIP's...
i agree
say what you want about this one, but the truth of the matter is this: when enrollment is down, the bottom line is crippled-until the layoffs come...it will rebound just due to the fact that the workforce (salaries) are cut...
enrollment (here) is down from 1700 to 1000...IMO, THAT is why we are down (accross the board)...
If I can get somewhere close to $5.75 I think I will let this one go...
not here in Fl...more layoffs coming on fri...
all I know is that my wife is VERY stressed out and she had to terminate 4 more instructors this past week...
who knows when that'll be-may take a while the way it loses momentum every time it looks like it's going to push over $6...
i haven't heard anything-just business as usual...i'm flipping this for now-waiting for $6.10...
he killed another company-i think it was alco energy-just after magellan.
I'll post what I know-just what the wife enightens me on...she is a dean/VP in training for the company...most of what she tells me is on the regional front.
I will post any/new info as I get it...a Dean that has been there for YEARS says he has seen downsizing before and enrollment taking a big hit and is sure we will head back!
layoffs hit campuses already-my wife said they laid off 10 people at her campus-including 2 assistant deans and program directors. also, one of the two head-deans was demoted to associate dean...
wife says there is a hiring freeze AND admissions can't PAY anyone to enroll...
wife says there is a hiring freeze AND admissions can't BUY anyone to enroll...
where the hell is apolinar?
just kind of puzzles me on how Bill Goodwin can be conected to this...
you can't-it's all (for now) on paper and it will stay that way until you can sell.
Waller was outed due to the fact that he did away with ATB'S at the school level. Because of no more ATB'S enrollment was done 40%.
we WON'T see anything until they straighten it out-it just tells alot about the company when they are COMPLETELY SILENT to shareholders on this and all other topics!
there's no news...
dude-she didn't work for their company, so how can you have a theory on her involvement? If you want a put the blame on anyone blame Bill Akrivos: how could he have not known ANYTHING while he was the president of this company???? For some reason, and despite his cluelessness, this dude watched his company's stock price soar to over $5 a few years ago and he just sat back and collected the loot! He left the company in shambles for yet another hapless leader that just sits back and does absolutley nothing! Where is the acountability? We went to hearing about numerous profitable oil wells every month in '06 to hearing NOTHING on those wells and only about POTENTIALLY profitable natural gas wells every few months, to nothing now! As a "long" (and surely not by choice) this company should be held accountable for misleading the shareholders: telling them that there is "great potential" in their natural gas wells and then diluting our investments right into the toilet! This company is total BS! There are zero leaders and there is zero accountabilty! The only person that is slightly respectable and perhaps knowledgable is Bill Goodwin. Maybe he really knows what is going on here.
this stock is dead!!! DEAD!DEAD! there is nothing we can do but move on here...there has been zero news, zero profits, zero movement...we can't even trade it! and what happens IF it does move up a bit? we can't unload it!
i agree...
we need to sustain this momentum and push towards $8!
$6 isn't a breakout...hell, we were at $11 maybe 5 weeks ago.
is this turning into a flipper?
wife says ALL is well at work-they just had their "Parthenon" in DC and are still looking at moving forward!
wife says they are always looking for people in admissions-which is sales really...she just hired an assistant dean and maybe in need of another. some of the other campuses are looking for management help as well...
my wife works for corinthian (everest) as a VP of her campus...she says nothing has changed with her company (as far as she knows)...HER campus performs as second-highest profitting campus in state. company is holding anual awards and year-ending celebration ("Parthenon") in DC later this month. the execs hold this 4-day party where they pay for all hotel, food, airfare expenses, etc...they also talk about profits and plans going-forward.
these schools are still making money-plenty of it. imo, the company may be shorting prior to their buy-back (maybe just before financials are announced?). this has been a very solid play over the last 4 years and, imo, it should get momentum back and return to the $12-$14 range.
good luck!
you are holding because they are holding you (and all of us) hostage!
in my personal opinion-if this was a real scam we MIGHT see the mgt doing whatever they could to get onto the pinks and then DILUTING ONCE AGAIN to pay any/all court costs.
they had to dilute the stock to pay for her vacation...
just got an email from Karen...same old blah, blah..."when mgt. has something to report they will..."