Did Goldman Sachs bail out of EDMC or not? Last December they owned 43% of the stock. Now there is no record. Is this only because they delisted, or did they dump it?
2 replies (most recent on top)
Yep, why hold worthless paper? Take the haircut and move on....
I believe the real answer is, because basically all the own was debt. I do not believe they bailed out willingly. To the point, what they own was worthless. Own 43% of nothing, you still have nothing.