After years of layoffs, guess the pump and dump is about over. Looked at Wikipedia and was surprised how small the company has gotten.
The Tragedy of Human Capital Theory in Higher Education
"In 1960, Theodore Schultz highlighted the importance of human capital for economic development among poor nations in his presidential address to the American Economic Association. “Human capital investing” soon became a priority among economic... — read more
Will the losses ever end?
Sold almost everything to pay the debt, and still losing money. Here For Good? https://www.sec.gov/ix?doc=/Archives/edgar/data/912766/000162828021015673/laur-20210630.htm
Revenue down 19 percent. Sale of AUS, NZ businesses
What's left? Fourth Quarter 2020 Highlights (compared to fourth quarter 2019): • On a reported basis, revenue decreased 19% to $285.2 million. On an organic constant currency basis1, revenue decreased by 13%. • Operating income for the... — read more
"Activist investors urge Adtalem to pull plug on Walden U purchase"
"Two investment firms, Engine Capital and Hawk Ridge Partners, wrote in an open letter dated Thursday that they were "severely disappointed" with the board's decision to purchase Walden, calling the college a 'substantially inferior asset.'"... — read more
Stock repurchase program. Sale of schools in Chile and Malaysia
"Laureate Education starts a tender offer to repurchase up to $300M principal amount of its 8.250% senior notes due 2025. The offering is pursuant to the indenture on the notes as a result of the company's sale of its operations in Chile and... — read more
Walden sold off to Adtalem
Laureate revenues down again
Revenue of $528.6M (-15.0% Y/Y) misses by $27.95M. https://seekingalpha.com/news/3571062-laureate-education-eps-of-0_47
Virtual shareholder meeting May 11
How is Cornavirus affecting Laureate?
Selling off INTI schools in Malaysia
"Laureate Education, Inc. (LAUR) announced today that it has entered into an agreement with HOPE Education Group (Hong Kong) Company Limited for the sale of Laureate’s INTI Education Holdings Sdn. Bhd. and its subsidiaries (INTI Education Group), a... — read more
How does Laureate stay alive? Can they make a "profit" without selling off more schools? https://www.sec.gov/ix?doc=/Archives/edgar/data/912766/000162828020002350/laur12312019-10xk.htm
Unlocking shareholder value is doublespeak for...
"The company says it will evaluate all potential options for its businesses, including sales, spin-offs or business combinations. Laureate has already initiated separate processes to explore the sale of its Peru, Mexico and Australia/New Zealand... — read more
Selling off AUS and NZ
Laureate Education (LAUR -0.5%) has tasked Goldman Sachs with finding a buyer for its Australian and New Zealand business, reports Australian Financial Review. https://seekingalpha.com/news/3521316-laureate-education-considers-asset-sale
Laureate continues to lose money, but you wouldn't know it by listening to the... — read more
So there is a rumor this company is going to either sell off the rest of the schools or have massive layoffs outside the East coast.
Here For Good? B-Corp BS
Here are Laureate's B-Corp disclosures which include the scandals in Chile, Spain and Turkey. https://s3.amazonaws.com/blab-impact-published-production/public/XVw94vR11mV9UzRa5IovWbb8watsYpXS9bMvu6k1 Portugal was not included.
Here's an update to my College Meltdown report: Subsidiary Walden University has second largest US student loan debt ($9B) LAUR only makes a profit by selling off schools LAUR has been underwater with debt since IPO Balance sheet has always... — read more
Citi pumps Laureate Education as they dump LAUR shares
Talk about a conflict of interest. Citigroup reaffirms a "Buy" rating for Laureate as they dump LAUR shares (with their relationship with Wengen). ... — read more
Wengen trying to sell off more shares
"Laureate Education, Inc. (LAUR) (the “Company”) today announced the commencement of an underwritten secondary offering of 15,000,000 shares of the Company’s Class A common stock by Wengen Alberta, Limited Partnership (the “Selling Stockholder”), the... — read more
Is Laureate cooking the books?
Check out the balance sheet. Do you really believe the numbers? https://www.sec.gov/ix?doc=/Archives/edgar/data/912766/000162828019010364/laur6302019-10xq.htm
$150M stock repurchase program
Revenues down. Need some way to keep the share price up.
Laureate Education sells institution in Panama
'Laureate Education (NASDAQ:LAUR) strikes a deal to sell its Universidad Interamericana de Panama institution to Universal Knowledge Systems and Global Education Services for... — read more
How many school closings will be in the next 10Q? Next earnings call August 8th at 8:30 am. https://seekingalpha.com/pr/17568832-laureate-education-announces-date-second-quarter-2019-earnings-release-conference-call
Laureate sold out Istanbul Bilgi University to AKP-backed marketing firm
Here for good? Don't think so. So what happens regarding the safety and security of professors, staff, and students at Bilgi University? It was bad enough that Laureate tried bribing officials (money that was stolen instead?) but selling out like... — read more
Irony of ironies...
It's interesting that DB could envision the US College Meltdown, but not the collapse of his own system. https://thepienews.com/news/laureate-ceo-tne-driven-access-not-politics/
No wonder Laureate lost contract in Saudi Arabia (Saudi Gazette)
A professor at the Laureate College of Excellence was fired for insulting Islam and students using offensive and racial slurs, Al-Madinah newspaper reported. Students from the college claimed on Monday that the professor, who is from a Western... — read more
Here For Good?
"Laureate Education Inc. (LAUR) is fighting for survival. The international for-profit system of colleges is no longer backed by the Clinton Foundation. Its founder Doug Becker was ousted in 2018 with an enormous golden parachute. And its rich and... — read more
Pump and dump
More on Wengen dumping Laureate shares... http://www.globallegalchronicle.com/laureate-educations-167-6-million-class-a-common-stock-secondary-offering/
Brazil blow up spells trouble for Laureate
Laureate has been downsizing so fast that they have made Brazil an essential part of their network. And now Brazil is blowing up. The recent 10 percent loss in revenues is probably just the beginning. https://www.bbc.com/news/business-48386415... — read more
Sold or closed schools Centro Universitário do Norte – UniNorte (Brazil) (sold 2019) Les Roches Jin Jiang International Hotel Management College (China) (sold 2016) Xi'an Jiaotong-Liverpool University XJTLU (China) (Laureate's online program... — read more
What's up with Henry? https://www.sec.gov/Archives/edgar/data/912766/000114036119011277/formsc13da.htm
And if they can't meet earnings? "Four analysts have made estimates for Laureate Education’s earnings. The lowest EPS estimate is $0.47 and the highest is $0.69. " "According to Zacks, analysts expect that Laureate Education will report full-year... — read more
Wengen selling 10,000,000 shares
Not a good sign. https://seekingalpha.com/news/3470917-wengen-alberta-offload-shares-laureate-education
COO and CEO of Brazil out
Rearranging the deck chairs on the Titanic... https://seekingalpha.com/pr/17539265-laureate-coo-ricardo-berckemeyer-step-helping-build-global-education-leader
Laureate and the College Mania!
Laureate was just a symptom of a madness, brought on by a contagion of greed, a College Mania! that is still perpetuated by bankers and other investors. https://www.linkedin.com/pulse/college-meltdown-open-letter-ny-fed-dahn-shaulis/?published=t
"Laureate Education Announces Closing of Sale of Institutions in Spain and Portugal"
So much for the motto "Here For Good." https://seekingalpha.com/pr/17531620-laureate-education-announces-closing-sale-institutions-spain-portugal
What has Laureate been like with KKR and others in charge?
"The findings cast a shadow over private equity's involvement in higher ed, with buyouts tied to less spent on education, higher tuition, more debt per student, lower graduation and repayment rates, and lower earnings for graduates."... — read more