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Topics regarding layoffs at Lincoln Technical Institute
How the board of directors could continue to tolerate management that has caused Lincoln's stock price to languish for a decade or so around $2, when at one time it was almost 10 times higher, is puzzling. Maybe their early and brilliant strategy of... read more
Does anyone have information on Lincoln's institutional loans? Can you tell me what the interest rate is for these loans, and what the default rate is? "As of March 31, 2018, we had total outstanding loan commitments to our students of $52.6 million... read more
"As of March 31, 2018, we had 10,484 students enrolled at 23 campuses in our programs." https://www.sec.gov/Archives/edgar/data/1286613/000114036118024002/form10q.htm
The overall decline in student starts was the result of the on the performance of our Indianapolis campus which decreased by 98 students. Excluding this campus, student starts for the quarter would have grown... read more
From the latest 8K: Lincoln Education continues to downsize after divesting from its healthcare segment. The company’s operations are now focused solely on the Transportation and Skilled Trades segment. The company anticipates completing the... read more
LIncoln Education's numbers will be out this week. The next report should be telling.
Not sure how many people listened to the earnings call, but it's available through the company website. Sounds like starts are way down, and Indianapolis is underperforming. Teach outs in Las Vegas (end of 2016)and Center City, Philadelphia (2Q... read more
Quarterly results out this morning. Net loss of $3.1 Million. Selling off property in Florida. CEO Scott Shaw says "We are also committed to identifying additional operating efficiencies."... read more
The US Department of Education staffers are recommending that ACICS lose its accrediting power. Schools will have 18 months to find another accreditor if the recommendation is approved. http://touch.latimes.com/#section/-1/article/p2p-87580171/
We'll see what happen... Corinthian paid the price.
Enrollment continues to slide. Still losing money--which suggests more layoffs are needed. http://finance.yahoo.com/news/edited-transcript-linc-earnings-conference-161014382.html
Lincoln Education preparing to borrow money. Not a good sign.............................https://biz.yahoo.com/e/160418/linc8-k.html
Lincoln Education is in danger of delisting. The stock price has been below $1 for several days. After 30 days, they are likely to get a "Notice of Delisting" warning. The balance sheet continues to look like a sea of red ink. Without a miracle... read more
Year over year, LINC's balance sheet gets uglier. Fewer real assets and loading on debt. Along with the coming "gainful employment" regulations, and the stock price that looks like the end of a roller coaster ride, does anyone think they'll be... read more
LINC is extremely vulnerable to any change in the "gainful employment" policies of the Department of Education. It appears that many of Lincoln's programs fail because Lincoln students cannot find work that will pay off their... read more
I know you had many layoffs