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
3 replies (most recent on top)
@cagy+1cdCtVrV, it's called a Ponzi Scheme. #collegemania #robocollege #collegemeltdown
Never understood the business model. Selling off all the profitable schools to pay off debt for schools LEI overpaid for…. Like selling my 6 mo old BMW, that’s worth a lot less than I paid for it, to pay off my loan. Now I don’t have the ability to drive to work and make money.
LAUR lost $1.3 billion in assets in the last six months. And the valuation of some existing assets is questionable.