Looks like even the top dogs missed January and major changes coming
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Topics regarding layoffs at Bridgepoint Education Inc.
Management is pushing to get everyone signed up asap without giving them any time to think about it this is what caused the lawsuit in the first place folks
When is BPI going to report earnings? The last report was 10-25-2017. Usually, when there is no advanced notice, the news is bad. We already know the bad news about GI Bill funding, but it may be worse if BPI also loses DOD ("TA") money. BPI has... read more
I have a call scheduled with the Attorney General's office on Feb 1st to discuss my experience as an Enrollment Services Advisor and enrolling students that were nowhere near capable of making it past the 3rd class (I had one that did). How about the... read more
Programs aren't getting better ...leadership is stupid
"As a Marine veteran who both worked at San Diego-based Ashford University and took classes there as a student, I am glad to see the California Attorney General’s Office seeking justice for those who have been taken advantage of by the school."... read more
The word is getting out in military circles... https://www.navytimes.com/education-transition/education/2017/11/30/california-sues-ashford-university-a-top-enroller-of-military-students/
Who are the worst managers and directors at ashford?!!! Let everyone know!!!
I am an ex employee of Bridgepoint education. I will not say how I was let go, but I seen and heard ALOT while employed. I seen a lot and reported a lot to HR.. While working in Finance, I seen Executive team members and corporate finance directors... read more
So know you have heard what I was referring to about a month ago. Insiders knew the details about Arizona and about the shady business practices. They probably thought they could get away with it, given their ties in DC. Mike Vasquez's article in the... read more
The State of California is suing Bridgepoint Education! https://www.buzzfeed.com/mollyhensleyclancy/california-is-suing-a-giant-for-profit-college-for?utm_term=.xmG3pRgbq#.qnv85YKNe The end is near!
How are enrollment reps evaluated these days? Do you have to make numbers?
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Did someone just sell off more than 50K shares of BPI? http://www.nasdaq.com/symbol/bpi/sec-filings
"Ashford University on Tuesday suspended enrollment of students using GI Bill benefits, according to a corporate disclosure filed on Wednesday. The for-profit institution, based in San Diego, made the decision days after the U.S. Department of... read more
"This does not pass the smell test," said Carrie Wofford, president of Veterans Education Success. "How could a company that’s headquartered in California hastily open a tiny office in Arizona, pull a lot of political strings, and get Arizona to... read more
ESAs, Was hoping to get feedback regarding new team structures, bandwidth and your thoughts in general.
Very interesting read: https://seekingalpha.com/article/4118034-bridgepoint-education-declining-business-cheap-enough
I heard it. Did you?
Someone hit the nail on the head last week regarding enrollment numbers. And now the numbers are out. "Enrollment at our academic institutions decreased 11.9% to 42,132 students at September 30, 2017 as compared to 47,831 students at September 30... read more
Moving to Arizona? I hear its a dry heat.
What's with the CFO quitting for personal reasons? Is there an illness that for-profit college CFOs are getting? And what's the deal with hiring a former Apollo Group CEO to sub?... read more
The Department of Veterans Affairs (VA) intends to waive the application of applicable Federal regulations (see SUPPLEMENTARY INFORMATION) for all VA employees who receive any wages, salary, dividends, profits, gratuities, or services from, or own... read more
They are hiring again... oct 30 next training class
Anyone care to guess on the enrollment numbers for Ashford at the Earnings Call?
According to the NCES, the 12-year default rate at for-profit colleges is 52%. Is Ashford any better? http://www.chicagotribune.com/business/ct-biz-for-profit-college-loan-default0-20171005-story.html
Bridgepoint should be receiving a letter from Victory Media telling the company to stop selling Ashford University as a "Military Friendly School." Ashford no longer has the designation, and is deceiving veterans by advertising that they are.
Worth a read: https://www.macroaxis.com/invest/ratio/BPI--Probability-Of-Bankruptcy Main issues: -Diminishing cash reserves. Down to $190M currently (on $260M market cap). True company valuation at $70M. -Constant earnings and margin issues... read more
Wonder how many millions of dollars were funneled to pay this off
Company is starting to go down a slippery slope. Managers are now giving corrective action if you don't generate your own students who are interested in school (referrals) in other words if you don't bring money to the table on your own you are in... read more
Executive voluntary departure Continued layoffs Financial issues Departing shareholders (Warburg) VA funding issues Increasing competition What's your estimate on how much longer this company will be around?
Senator Warren's letter to the Ethics Committee is here" https://www.warren.senate.gov/files/documents/2017_08_15_DeVos_letter_Eitel_conflicts.pdf
Shareholders must be asking what Bridgepoint is keeping quiet about. https://www.sec.gov/Archives/edgar/data/1305323/999999999717008148/filename1.pdf
Word is they are trying to get rid of almost all ESA's and transferring the remaining to the Denver location
Included a woman who gives birth to a child in two weeks. This place is a ghost town and now even more ...I have a feeling a lot more people will be canned This week
Bridgepoint laid off 65 people between last Monday, Aug 14 and Friday, Aug 18, myself included. No warning, no time to bid colleagues goodbye, just boom, done and out of the building. I since heard that people in leadership and management were also... read more
The Department of Veterans Affairs warned Arizona officials about running afoul of federal law after the state approved Ashford University’s ability to accept GI Bill education benefits, according to a letter obtained by POLITICO through a public... read more
Bridgepoint chief operating officers resigns !!