I wonder if Goldman Sachs, perhaps the prime actor in EDMC's failure, is also managing its collapse (and profiting at doing it). I cannot imagine any reason why person or organization would buy logically EDMC stock, when the deal between KKR and EDMC gives almost all its value to KKR. Is it possible that Goldman Sachs is keeping up the charade as long as they can micro-trade it down to the bottom? Or is Goldman trying to keep it alive so that there isn't a crash in for-profit education, with ITT, CECO, LINC, and even APOL vulnerable to collapse?
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Homophobic much Anonymous33184? You sure seem obsessed with it. In fact all your hate posts seems to center around male genitalia. Maybe you should start crusing the bathroom stalls at the airport like Sen. Larry Craig. You might find what you are looking for.
Cammy guzzling that cum
Worked for Goldman's competitor - Camden, you are reading too much into this. At any given point in time GS has an X number of plays. X/3 will lose money, 2X/3 will make money, it may just happen that EDMC is in the X/3 bucket. GS is powerful but by no means omnipotent, just look at their earnings and stock price valuation - they fluctuate, one third of the time they do not well. If GS was to be always right you'd see a chart with GS' stock price sporting a flat line infinitesimally leaning upwards. I think this is a government play unraveling here, so you should look for your answers in DC and not at 200 West Street. Hope this helps.
Goldman Sachs is not in the business of propping up an entire industry, for the hell of it, they are in it to make money, get in get out. That is what the stock market is about. It's possible they are trying to keep it stable until that point, but ones their shares are sold, they could care less if the whole industry collapses, not their problem. Besides, the industry as a whole in mired in financial and legal problems. Much easier to throw your money on successful, financially stable growing industries then ones on their way out.
"Except that they are not collapsing." OK, and the Titanic is unsinkable. They just got taken over by their creditors numskull. In what world is that a good thing? It's not like they were bought out by some competitor because they were doing so well that everyone wanted to get in on the profits. They're Toast!
Part of the deal should have been paying off all the outstanding student loans ;) I'm sure Goldman has their best people figuring out how to cover their ass and even make money off this deal. Not sure about stock manipulation. I surf around a bunch of stock sites - Most of the sentiment is 'Hold' or split between bear and bull. There are even 'strong buy' votes http://www.fool.com/quote/nasdaq/education-mgmt/edmc/analyst-opinion
An Enron reference! Haven't heard that one bed re LOL
@Anonymous33047, that's what they said at Enron for years--that things weren't collapsing. If the KKR deal goes through, stockholders like the Ontario Teachers pension fund will lose millions of dollars and will be left holding little to nothing in value (a few pennies on the dollar). I can't imagine that stockholders would just let this happen. On top of that, revenues are projected to continue to decline by 11%....."New student sign-ups will drop 4.8 percent in the period, and total enrollment will fall 7.6 percent to 109,890, Pittsburgh-based Education Management said today in a filing with the U.S. Securities and Exchange Commission. Revenue will decline 11 percent to $2.05 billion, the company said."...... http://www.bloomberg.com/news/2014-08-29/education-management-sees-enrollment-falling-through-2015.html?cmpid=yhoo
Except that they are not collapsing. So there's that...