How does this make you feel? http://collegemeltdown.blogspot.com/2020/11/a-letter-to-us-department-of-education.html
Topics regarding layoffs at Lincoln Technical Institute
Lincoln Tech and the Coronavirus
https://seekingalpha.com/pr/17811584-lincoln-tech-provides-remote-learning-to-address-virus-outbreak https://collegemeltdown.blogspot.com/2020/03/coronavirus-and-college-meltdown.html
Earnings call this week (November 14)
https://seekingalpha.com/pr/17694481-lincoln-educational-services-corporation-schedules-third-quarter-earnings-release-conference
Former CEO shilling for K-12
http://newsroom.k12.com/how-parents-think-we-can-solve-student-debt/ https://roadtripnation.com/leader/shaun-mcalmont
Earnings call August 14
"Lincoln Educational Services Corporation (LINC) (“Lincoln”) announced today that it will host a conference call to discuss its second quarter financial results on Wednesday, August 14, 2019 at 10:00 a.m. Eastern time. A news release outlining... — read more
How much does Lincoln pay QuinStreet for leads?
Here's more about QuinStreet. https://www.thelayoff.com/quinstreet
Amother losing quarter
Net loss for the quarter was $5.46M https://www.sec.gov/Archives/edgar/data/1286613/000114036119008948/form10q.htm
Earnings up...
Latest earnings call. Sounds positive. What's happening on the ground? https://seekingalpha.com/article/4246747-lincoln-educational-services-corp-linc-ceo-scott-shaw-q4-2018-results-earnings-call?part=single
Earnings up...
Latest earnings call. Sounds positive. What's happening on the ground? https://seekingalpha.com/article/4246747-lincoln-educational-services-corp-linc-ceo-scott-shaw-q4-2018-results-earnings-call?part=single
Sound like Lincoln will survive
https://seekingalpha.com/article/4220967-lincoln-educational-services-corp-linc-ceo-scott-shaw-q3-2018-results-earnings-call?page=3
What goes around, comes around
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
Lincoln's Institutional Loans?
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
Current enrollment is 10,484
"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
Trouble in Indy?
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
LINC continues to lose money
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
New numbers out this week
LIncoln Education's numbers will be out this week. The next report should be telling.
Student starts down, Indianapolis underperforming
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
Lincoln Loses Another $3.1M. "Identifying Additional Operating Efficiencies"
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
Lincoln Accreditor May Get Canned
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/
The price level and debt load level are unsustainable
We'll see what happen... Corinthian paid the price.
Enrollment continues to slide
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
LINC Gets $9.5M Credit Line
Lincoln Education preparing to borrow money. Not a good sign.............................https://biz.yahoo.com/e/160418/linc8-k.html
LINC in Danger of Delisting
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
Extremely Ugly Balance Sheet
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
Lincoln Tech Vulnerable to Gainful Employment Regulations
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
Why no posts on Layoffs here?
I know you had many layoffs