Topics regarding layoffs at Bridgepoint Education Inc.

Topics regarding layoffs at Bridgepoint Education Inc.

Student X

Tell me how you feel about this. http://collegemeltdown.blogspot.com/2020/11/a-letter-to-us-department-of-education.html

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Post ID:  @OP+17T2sWL9

More losses

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 

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Post ID:  @OP+1aPIkQoj

Ph.D.

Piled high and Deep https://seekingalpha.com/article/4382354-zovio-inc-zvo-ceo-andrew-clark-on-q3-2020-results-earnings-call-transcript?part=single

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Post ID:  @OP+17F2z4tQ

COO Fired

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 

Accounting tricks?

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 

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Post ID:  @OP+13JTrSii

I am confused

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 

Shares down to $1.82

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 

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Post ID:  @OP+12Wxghs6

Academics?

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?

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Post ID:  @OP+11XSoh1L

Sale of Ashford to...?

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 

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Post ID:  @OP+11OIDgFB

Revenues down. More losses

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 

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Post ID:  @OP+11M4q0z5

Earnings call October 30th

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 

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Post ID:  @OP+11GQbfOe

Zovio Outlines Response from the U.S. Department of Education Regarding Proposed Change in Ownership of Ashford University

"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 

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Post ID:  @OP+11qSTEnc

More losses

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

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Post ID:  @OP+10quJQ0P

Cooking the books?

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 

Not quite a dead cat bounce...

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 

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Post ID:  @OP+ZSV7DZT

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