Tell me how you feel about this. http://collegemeltdown.blogspot.com/2020/11/a-letter-to-us-department-of-education.html
Topics regarding layoffs at Bridgepoint Education Inc.
Operating loss for the three months ended March 31, 2021 was $9.3 million, compared with operating loss of $10.5 million for the three months ended March 31, 2020. Net loss for the three months ended March 31, 2021 was $9.5 million, compared with... — read more
Piled high and Deep https://seekingalpha.com/article/4382354-zovio-inc-zvo-ceo-andrew-clark-on-q3-2020-results-earnings-call-transcript?part=single
It might not be good. Shares down 17 percent today.
Andrew Clark sent out an email saying: "Effective Immediately, I have terminated Greg Finkelstein and he is no longer employed at Zovio" Looks like they found a sacrificial lamb for the historically low stock price, although no one liked working... — read more
Can anyone explain how Zovio is going to pull this rabbit out of the hat? From Zovio's latest SEC Form 10K regarding Department of Education financial responsibility scores for Ashford University: "The composite score is a number between negative... — read more
Zovio shares surged 30 percent today. Anyone know what caused the dramatic change?
Nobody has entered into an agreement with Zovio Except for Ashford for services. Zovio has no real profit without Ashford. Take my word that Zovio has no tech, and all of this just means that Zovio can become even more shady with prospective students... — read more
Down to $70 million in cash and had to take out a $100 million loan for 15 percent interest!!!! The sham is up and now they will be gone within a few years
Guess the shareholders were not amused by news of the "transition" news. Paying for the transition, a $103 million loan at 15 percent annually, sounds like a company that has issues. I know I thought Zovio had found a free market patsy, as Kaplan... — read more
Looks like Zovio may have c-apped out. Wonder how the shareholders will take this. https://seekingalpha.com/pr/17740545-zovio-announces-letter-of-intent-ashford-university-nonprofit-entity-to-convert-and-separate
Word on the street is that key staff have been notified of a meeting this Thursday.
I hear Ashford profs have been pressured to pass all their students, that some students have been granted degrees despite not meeting degree requirements, and that plagiarism has been ignored. Any truth to that? If so, how rampant is it?
SB does not want Ashford to shut down. He and others are seeking justice for students and teachers. How will Zovio respond? https://www.youtube.com/watch?v=gNe9RvWLYJg&t=113s https://www.youtube.com/watch?v=9au2O18D-gs
Really? "There are several public university systems that may be interested in purchasing Ashford, said Urdan….The University of Massachusetts and George Mason University are both rumored to be considering... — read more
Someone is still doing very well. https://www.sec.gov/Archives/edgar/data/1305323/000130532319000035/a8-k2019ltiawards.htm
Revenue for the three months ended September 30, 2019 was $104.3 million, compared with revenue of $112.8 million for the three months ended September 30, 2018. Operating loss for the three months ended September 30, 2019 was $7.8 million... — read more
CHANDLER, Ariz., Oct. 23, 2019 /PRNewswire/ – Zovio (ZVO) will release its third quarter 2019 financial results after market close on Wednesday, October 30, 2019. Zovio will host a conference call and webcast for investors and analysts to discuss... — read more
Even with all the support from DC, Zovio continues to spiral downward. ZVO cannot just cut their way out of this mess.
"Zovio asked the Department to conduct an abbreviated preacquisition review of its proposed change in ownership of Ashford and its conversion to nonprofit status. The Department's abbreviated preacquisition review letter indicated that within ten... — read more
The stock is at $2.71 this morning. How low can you go?
Q2 Non-GAAP EPS of -$0.15 beats by $0.05; GAAP EPS of -$0.58. https://seekingalpha.com/news/3488921-zovio-and-nbsp-eps-beats-0_05-misses-revenue
Numbers should get better when all of that gets cleared
"Zovio (ZVO) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2019. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the... — read more
Why are the enrollment numbers for Ashford University reported to the SEC so much higher than the numbers reported to ED? Is it simply a matter of definitions, or is someone cooking the books? If it is cooking the books, are all the subprime... — read more
Do you feel more honest and clean now? https://www.educationdive.com/news/accreditor-approves-ashford-us-nonprofit-conversion/558781/
Zovio continues to limp along. The shares aren't so low that we can call increases a dead cat bounce. But the next earning report in late July will be interesting. Not sure what to make of this, but a former PwC auditor is now on the Board... — read more
It's early in the game, but this looks similar to COCO, ESI, EDMC, and NAUH.
Just reading this from local paper, which published the WARN notice on the layoffs in San Diego:... — read more
Vp of enrollment and almost all of the managers are fired in enrollment .. esas are being walked out one by on
Pay check will be continued until August 12 Severance after that
I work here but it feels good to see the executives lose money since they treat everyone like slime
Just saw this on LinkedIn. https://bridgepointeducation.wd5.myworkdayjobs.com/Ashford_External_Site/job/San-Diego-CA/Talent-Acquisition-Manager_R19-0662