I thought penny stocks where basically junk stocks, what do you call something a fraction of a penny? An EDMC / Argosy MBA?
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I agree with 2hrz. I think online learning can possibly work for postgrad work but not for undergrad and certainly not for High School and below. Yet, it persists because it appears cost effective.
Interesting info. Thanks 1isre. I've looked over the new curriculum for our AI school and it appears they're heading for non profit online learning. I think maybe this move should have been made a long time ago when EDMC had more students and slightly deeper pockets.
Non-profit move is a sign of the times for the for-profit college business, whose publicly traded companies have taken a beating amid a regulatory crackdown in recent years. Among the largest operators, one was taken private and the other was wiped out altogether. There are now just three listed for-profit college companies valued above $1 billion: Apollo Education, Grand Canyon, and DeVry. And Apollo, which owns the University of Phoenix, is in the process of being taken private itself. Grand Canyon's application to go nonprofit was denied by it's regional accreditor HLC in May 2016. The outcome might have been different had Grand Canyon gone “fully nonprofit,” instead of maintaining a separate, related for-profit company to run many of it's services. Going non-profit may not be a realistic option for the shrinking number of for-profit institutions, if the failed attempt by Grand Canyon University is any indication. What is next? Who knows.
And yet EDMC has reached some sort of agreement with the states over recruitment practices. What goes on? Think EDMC might go Non Profit? One would think it was all a day late and a dollar short. The damage done to the brand and the company is too great to overcome.
Any thoughts?
You call it pathetic.
You call it a "unk stock "