I've seen this happen several times. Workers will become more conscious of what's going on in the company and they'll start talking. It happened with Corinthian Colleges and continued with EDMC, ESI, DV, APOL, and BPI. Some of these predators have been QNST clients. Some workers will quit without saying anything, but a few will realize that any NDAs they signed are worthless if they are covering up fraud and hurting people. And out of good conscience, they will report the malfeasance.
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Lead Generator QuinStreet is preying on vets, misleading shareholders, and shipping jobs to India
(1) Despite being successfully prosecuted before by 20 state AGs for its GIBill.com site, Quinstreet continues to prey on veterans and other vulnerable people as a lead generator for Ashford University, Kaplan University, the Art institutes, Fortis, Harris School of Business and other subprime colleges.
QuinStreet is preying on consumers through Military.com (through Ranstad), MilitaryBenefits.info, ArmyStudyGuide.com, Schools. com, World Wide Learn, and Fastweb.com (through Ranstad) using deceptive websites and emails.
(2) QuinStreet is cooking the books. Their assets are disproportionately "goodwill."
(3) Quinstreet has been replacing American IT workers with H1B foreigners.
(4) QuinStreet is moving jobs to India.
QuinStreet: High Price, Low Profits, And Too Much Optimism
It is expensive, with a P/E of 250.
It is priced to perfection; its forward 1y P/E is 24.04. That's an implied one-year earnings growth of 1,039.93%.
It is unprofitable, with its TTM earnings lower than they were back in 2010. Total expenses frequently outstrip revenue. And margins are thin.
Goodwill makes up a large percentage of its capital structure.
I know there are workers who are already angry that QNST is employing more foreigners. I guess hiring foreigners makes it easier to rip off American military veterans.