We have been repossessed…
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If you thought things were fun before the repo, look what you are in for now. https://www.youtube.com/watch?v=4qFo_vWil6A
Why would you think it's a good thing? Step out of your EDMC world for a minute. Imagine it's XYZ company 1 billion in debt and then gets taken over by its creditors. Even if it survives, as an investor, it's really a loser bet. Plus there are numerous other negatives. For-Profit industry is not doing well and in decline coupled with the 11 Billion Government law suite and management still floundering after they drove it into the ground. All say cut your losses now and dump the stock, which is exactly what investors did.
I don’t see the stock price going up any time soon. There is a lot that we don’t know. The markets hate uncertainty and EDMC is a basket full of uncertainty as to what the creditors will do with EDMC. There is more downside than up with EDMC.
Which is why I'm wondering about the stock drop. I would have thought this was a good thing.
No snarky, juvenile angry snotty responses please. Anyone with any business background want to weigh in? Is this common for a stock to drop, is this move seen as too late, what's up?