Any ideas about how EDMC will find the money to stay open? Do they have any assets they can sell fast?...http://finance.yahoo.com/q/ks?s=EDMC+Key+Statistics
4 replies (most recent on top)
Over the last two years, the roughly $2B in goodwill impairment is EDMC's major income statement problem, and it's a problem for the balance sheet too, since it leaves negative equity. EDMC needs to solve its long-term debt problem.
Camden- I wish you knew how to read financial statements. EDMC is not like CCi. EDMC actually has cash. The bigger problem is the level of long-term debt.
Even more bad news from EDMC's employer...http://www.post-gazette.com/local/city/2014/07/18/EDMC-s-insurer-reveals-new-lawsuits-against-education-giant/stories/201407180191
Looks like, as of June 2013, they have already written down hundreds of millions is assets and goodwill. Are any of these properties ("plant and equipment") easy to sell?...https://finance.yahoo.com/q/bs?s=EDMC+Balance+Sheet&annual