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
Topics regarding layoffs at Laureate Education
Revenue of $528.6M (-15.0% Y/Y) misses by $27.95M. https://seekingalpha.com/news/3571062-laureate-education-eps-of-0_47
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
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
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
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
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
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
"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
Rearranging the deck chairs on the Titanic... https://seekingalpha.com/pr/17539265-laureate-coo-ricardo-berckemeyer-step-helping-build-global-education-leader
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
Always underwater. Only "profits" made from selling off assets. Net Tangible Assets -1,713,756 (2017) -2,701,862 (2016) -3,254,796 (2015) -3,061,545 (2014) https://finance.yahoo.com/quote/LAUR/balance-sheet?p=LAUR
Soon they will sell their biggest asset (Walden) so investors can get their money. After that all the other schools will close or be sold off. Doug Becker was the glue to this company and he was ousted as CEO and now from the Board. Good luck.
Laureate's only "profits" since the IPO has been to sell off assets. "For the nine months ended September 30, 2018, revenue was $2,436.5 million, an increase of $1.8 million compared to the nine months ended September 30, 2017. Operating income... — read more
Wow, another $180M on acquisitions. Where are they getting all the money? https://www.sec.gov/Archives/edgar/data/912766/000110465917073494/a17-28498_18k.htm
Laureate Education Inc. announced Thursday that effective Jan. 1, 2018, Eilif Serck-Hanssen will become the for-profit company's new chief executive officer and Ricardo Berckemeyer will take over as the company's president. Serck-Hanssen is replacing... — read more
Waddell Reed now holds more than 5M shares in Laureate (more than 10% of LAUR shares). https://www.sec.gov/Archives/edgar/data/912766/000119312517280605/d436005dsc13g.htm My guess is that they hope to make better returns with this risky investment... — read more
What's happening at Strategic Partnerships? I'm hearing UoPX cronies have taken over. Also heard some disturbing information about employees are treated. Does anyone care about labor violations at Laureate? How many people know but aren't willing to... — read more
More losses for Laurete, and the future looks even worse. http://dailycaller.com/2017/05/11/clinton-linked-laureate-education-suffers-big-first-quarter-loss/
"Laureate Education...is planning to raise $383 million by selling stock privately to a group of six investors that includes Apollo Global Management and The Abraaj Group....Apollo also has been working on a deal to buy the company that owns the... — read more
The easiest way for Laureate to make up for their miserable finances is to cut labor costs. From what I am hearing, new employees in some areas will be getting significantly less pay. While some replacement employees may be ok, lower pay in the long... — read more
It's sad when a $7B company like Laureate won't even respond to questions about its financial future and about the safety of its teachers and students at Bilgi University in Istanbul. Brunswick Group (Laureate's damage control for the botched IPO)... — read more
Company selling off schools, tightening budgets ahead of IPO launch. Major layoffs at end of this month, end of first quarter. Watch and see.
With the Presidential elections coming in 2016, Laureate workers should expect more bad press about their company. A few articles have come out about the link between the Clintons and... — read more
These massive cuts are the sort of thing a company might do before an IPO. Massive staff cuts make the expenses go down. Don't be fooled. The work still needs to get done.
LA CA office closed over 80 let go all instructional designers were let go today and course developers, media Team and other operations staff
"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
'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
Revenues down. Need some way to keep the share price up.
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
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.
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.
Laureate continues to lose money, but you wouldn't know it by listening to the... — read more
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 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
"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