Thread regarding Lincoln Technical Institute layoffs

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 teach-out of Northeast Philadelphia, Center City Philadelphia, and West Palm Beach campuses.

LINC's enrollment of existing operations declined from 8375 to 7983 over the last quarter.

Annual loss of $5.1M

https://www.sec.gov/Archives/edgar/data/1286613/000114036117009837/ex99_1.htm

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Post ID: @OP+Me68gfU

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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 terminating all the great technical trade staff, while retaining financial staff that probably never walked the halls of the schools or talked with students, could be the issue.

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Post ID: @7Xspp+Me68gfU

It's pretty bad

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Post ID: @pzz+Me68gfU

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