Education Management Corporation (EDMCQ)

[JoshuaPalmer]

Faced with declining enrollment, legal and accreditation issues, EDMC closed or sold many of its schools between 2013 and 2017. By 2014, the company's shares had lost 99.9% of their value, and EDMC received a rating of default bonds (junk bond status). In January 2015, Moody's credit rating service downgraded EDMC to its lowest level, D-PD. But now a lot of attention is paid to online educational platforms such as PapersOwl. You can find more information if you check this review. In 2009, EDMC channeled 21.6 percent of its revenue, or $ 435 million, to marketing and recruiting and 16 percent, or $ 319 million, to profits. EDMC spent over $ 500,000 a year on lobbyists between 2010 and 2015.