According to Marc Access, EDMC has a 40% of bankruptcy based on latest financial disclosure. How long do you think before the other shoe drops? Lets be honest, the genie is out of the bottle, most kids looking to enter college know For-Profits are a bad financial decision. Enrollment has been dropping for years and it dose not look like it's going to get better any time soon. No amount of advertising is going to change this. I dont see a way for EDMC out of this problem, even if they survive the lawsuits.
5 replies (most recent on top)
I dont think banks would be so eager to give loans to a 50% chance of default. That's a losers bet. With a loan they may be able to avoid it but good luck with that.
Meh, it's been hovering around 50% for a long time - And it says on the site that 90% and above are high risk http://www.macroaxis.com/invest/ratio/EDMC--Probability-Of-Bankruptcy
We're only around 46%
I always found this surprising considering the situation, but I'll be the first one to admit I'm no financial expert, just interested in finances.
Someone spreading rumors on here with no facts to back it up? What?!?! Can't be!!!!!
Do anyone have a link to this article?
Oops, sorry it's 49% chance not 40%. OP