Burning through a lot of cash. New commercials on major networks and shows cannot be producing new enrollments because of the place's bad rep. So the illusion of doing something when nothing can be done except close and lay off is coming closer. What investment group wants the university's balance sheet and threat of imminent issues biting the bottom out of the place? The president can email 30-page quarterly summaries of peripatetic activities but since when has being busy equated to being productive?
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@KJEVcz9-3wqw, cutting the quality out of UoPX (i.e. getting rid of FT Faculty) was short-term thinking and consistent with George Akerlof's theory of Asymmetric Information. The seller knows that they are providing less value, but the buyer is unaware until it becomes more apparent.
https://www.youtube.com/watch?v=sXPXpJ5vMnU
I believe Apollo Education Group has also been padding their balance sheet with "goodwill." I asked the Securities and Exchange Commission about APOL's rising "goodwill" numbers and they never responded.
Camden, you are absolutely correct- cash burn has been fast and deep. The only way they have slowed the burn is to 'fire' massive amounts of the workforce including qualified faculty and Deans. This all leads to a very weak Uof Phoenix, while execs make a fortune, ..."If they only had a brain, and a heart"...
@Not a moron like you, have you reviewed Apollo Education's SEC documents? @Wondering is right. APOL has gone through lots of cash, although it's not as bad as it was from 2013 to 2015. APOL "appears" to be making money (the key word is "appears"), but they had some losing quarters. Here's their annual record of cash and cash equivalents. See a trend?
2013: $1.41B
2014: $1.23B
2015: $0.50B
2016: $0.46B
Look it is the PhD in Accounting trolling the layed off sites. Don't you have anything better to do
Obviously, you can't read a statement of cash flows. UoPX still makes decent money, even APOL does. Burning thru nothing, dic---ad.
The commercials are old "If I only had a brain", and obviously have not been effective- my guess, this is just for show to current stakeholders.
I agreed. UOP is like a football team down by 20 pts at the start of the 4th qtr. The new adversiting is similar to pass on every down and going for it on 4th down. It may work. If not I look for a 10 to 20% reduction in workforce. Just my opinion.
The next quarterly report should be interesting. It should be out in mid- to late January.