http://www.watchlistnews.com/wells-fargo-co-upgrades-education-management-corp-to-market-perform-edmc/126881/
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From the Wells Fargo Analysis of EDMC- Page 9:
"Wells Fargo Securities, LLC does and seeks to do business with companies
covered in its research reports. As a result, investors should be aware that
the firm may have a conflict of interest
that could affect the objectivity of the
report and investors should consider this report as only a single factor in
making their investment decision."
That's because there aren't many brains to eat.
That's because there aren't many brains to eat.
Halloween is coming up so investing in a Zombi College known as EDMC fits the bill. Only they eat investors money instead of brains.
That's a good one. Didn't Wells Fargo own a big chunk of the 4profit zombie Corinthian Colleges?
Note that Wells Fargo (MN) is shareholder of EDMC stock (albeit a small one) and Trace Urdan seems like an unflagging cheerleader for the company. Some of his conference-call questions of Ed West and, before him, Todd Nelson, definitely fit the definition of "soft-ball." That said, for all you investors out there with a fair amount of comfort with risk and the capability of making a good-sized bet, you might be able to make some money on this; it's due to get a "dead-cat bounce" before some other piece of bad news comes out. I'm wouldn't risk it, though.