How bad can the next Earnings Report be? The public and media already know a great deal about the government and stockholder lawsuits. They know about the debt obligations and the possibility that they will have problems repaying in 2015. They know about the junk bond rating which makes future loans nearly impossible. They know about the 85-90% drop in stock price over the last 8 months. What else would EDMC executives need to report that would cause such a long delay? My guess is that when the report does come out, that students, workers, and shareholders will have to read every line (and between every line) of the report. EDMC officials know that if they fudge the numbers or underestimate the seriousness, they could face similar issues as Corinthian colleges(criminal investigations). Obviously, EDMC will have to make DEEP cuts in the organization. Whether they immediately tell the public, workers, students, and shareholders (outside of Goldman Sachs and Providence Equity) is another question.
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Ummmm how about introducing me as the guy bending over Cammy's mom? I'll see if I get done sloppin my hog at her place 8 time to be there tonight.
Ha. Cam is great. I actually quit months ago but come back to read his post. Thanks for owning this sucker Cam!
Camden Kid accepted the challenge. No doubt 28114 is all talk and sadly is the one that got beat up in high school. Question: Why would that matter if he got beat up in high school? We're all grown ups here, right? New Respect for Camden Kid!!!! Mad Respect!! Now can we get back to what this site is intended for.
I agree 28163
There is a nastiness that has crept into these comments…that needs to stop. Be civil, and respect the point of view of others. There is no need to be vulgar. There is no need to bully others with whom you do not agree.
@Anonymous28114, come to my Monday late night SOC 101 class in Camden, NJ. You have my email. I'll even allow you to speak to the class. So how shall I introduce you?
@Anonymous28114, sure we can meet. You know where I work.
Correction, she is not just a stripper, she is an Art Institute Alumni! Stripping came after the realization she couldn't get a job with that animation degree.
That stripper stayed for the whole program of nothing while spending $70,000? What the heck.
You sound like a typical PGH or PHX tough guy. Lay off the whey protein.
Hey cam I think you are a total puss at heart and got your ass kicked lots in high school. Being totally serious I want to meet face to face got the stones? Or are you the bitch I think you are? Tell me where and when
The stripper is making more than 55 cents a day. That's more than we can say about EDMC's stock right now. She may be a different man's who're every other song but we are Ed West's whores everyday we show up.
Now we believe a stripper's review?
Ever since a former graduate from The Art Institute became the Stripper from Ai their reputation went way down hill. She posted videos of her portfolio on youtube and blames them for passing her with flying colors. Couple that with the numerous other videos from burned students, the billion dollar law suites and poor job placement and poor industry reputation, I dont think there is much value in The Art Institutes as a whole to be sold.
EDMC Stripper: https://www.youtube.com/watch?v=kt28HS-1d1Y
Ironically, Argosy will probably not be there enough to take said accounting classes. LOL
Peckerhead!
Ohhhhhhhh take that Cammy! You and your flower power toaster oven shit! Stop being such a cumquat head!
Camden- I suggest you attend Argosy and study accounting.
Still no Earnings Call scheduled......http://investors.edmc.edu/phoenix.zhtml?c=87813&p=irol-calendarPast
Anonymous27857, the $1 barrier appears to have been a breaking point for Corinthian Colleges. The most significant part was the brief period when federal funding was cut off. EDMC does seem to have some cash to ward of a short period. But in the long run, EDMCs long-term financial condition is DIRE. Workers should be prepared to either leave or fight. Even if your jobs are kept, the conditions may be significantly more difficult. The Art Institutes, from what little I know of them, had some degree of value. If it has value, may partially survive after bankruptcy.
If their stock drops below $1 based on their report, they are really screwed. It sets into motion delisting procedures to kick them off the stock exchange to protect other investors. It will be a whole new set of problems.
It will be a dog and pony show filled with rainbows and unicorns farting glitter.........as they lead the sheep to slaughter.
It could be they are close to an agreement with their creditors and are hopefully, perhaps wistfully, waiting to announce both at the same time. Or attempting to put their best numbers out there for DOE.
Management is full of people with no understanding of how academia works. Half the managers have an associates degree and are 'working on' a bachelors degree, the other half barely graduated from college themselves and have a hard time figuring out an excel sheet. I have seen scores of managers come and go and am yet to see a manager who is truly 'academic' and fits in academia or higher ed. When you have managers who don't even know what it is to be a good student, how are they supposed to lead a company to make decisions to create good students. How many of these managers and directors even know what it is to be an online student? This company has always been about numbers. Well quality and quantity don't always go hand in hand. Somebody needs to understand this and help us do a complete 180 or else very soon we are all gonna be out of jobs.
Time to study accounting!