Thread regarding Heald College layoffs

Here is proof of Closure

http://www.cci.edu/

It's been going on over a decade ago and it's likely the false placement rates are more than the given estimate.

"The Education Department said it had found 947 false job placement rates dating back to at least 2010, and slapped Heald with a $29.7 million fine and a ban on enrolling new students."

215 DoE found 946 fake job placement rates? What's the time period?

219 where are the facts and links and sources to state this?

Lest we forget there's also a criminal complaint from the CA AG in process.

I see that some of you are trying to make your points with reliable facts. I'm not saying that I know business. There is a reason why the California Attorney General is against this. She gets things done the right way. With all this arguments and debates, Heald will shutdown by next Monday 27th of April the latest.

Love this line at the end of the article: "CORRECTION: A previous version of this story incorrectly stated the Education Department found 946 fake job placement rates. It is 947." But who's counting?

The stock was delisted. Anyway the OP just isnt very bright, no need to go crazy and get all angry.

I'll get to suckin right away

wow! I guess you're right.

174 never said it would sell for 400 million. Go suck your dads d!ck and spit his cum in your moms face.

1. You're the retard if you think Heald will sell for $400 million or even $40 million. You're good at name calling. Why don't you say something worthwhile?

It's really astounding to read all this "Heald was sustaining all the other schools" nonsense after the $30 million fine. Heald's last sale is irrelevant. Both Heald and the market for for-profit colleges have changed significantly in the intervening time.

119 - Be careful to close your eyes as you stick your head in the sand.

Idiots. Heald made profit by lying. The lying cost them 90% of their revenue Without cal grants and federal grants. There is no profit. You'd be better off starting a new school, get wasc accreditation then sink money into a tarnished name. A name that may be tarnished for the next 150 years. Heald is just a name on rented buildings. Vapor ware. Now for those financially savvy on this thread if you still think anyone is buying them there is no hope for you. You don't buy a business and then assume 140 million in debt. Then still fight the legal battle ahead. The only thing of value is the wasc accreditation. Someone could buy that and transfer it to a new school under a new name using healds approved educational material. Take the paycheck as long as you can get it. Don't be dumb apply to jobs asap

111 we can all see you're not smart enough to see the upside. Heald makes profit by itself. It was sustaining the other schools in cci.

101 - Actually, less than chump change. Read the ECMC purchase agreement. After escrow and other contingencies, the total amout of cash recognized by CCI on the sale was - ZERO. Previously, CCI has paid organizations to take over campuses. All CCI campuses are presenty bleediing cash, exp(eriencing huge enrollment declines and have massive regulatory, debt service and accreditation issues. They have no tangible assets (real estate). Heald and the other CCI campuses in CA are less than worthless. They are an operating liability. I am not smart enough to see any upside for a potential buyer.

Investors don't buy just live off of future income. They build value in the company, then sell at a higher price.

@94101. Maybe you should enroll in school and learn comprehension. I'm talking about HEALD COLLEGE. not Wyotech or Everest or any other of the 56 campuses. 24 million for those schools are a joke!

HEALD's last sale WAS for close to $400 million, (google it). Obviously picking it up for "chump change" would be a good investment. Like I said, 30k to make 400mill is a good deal. retard...

Obviously this person has no idea how things work! "Start applying for unemployment"? You can't do that if you're still employed. If you quit, you lose your benefits and a possible pay out. If you're a student, you want to stay enrolled to be able to qualify for debt relief or teach out. Don't listen to this dummy.

094 is the dipshit here. ECMC purchased 56 campuses from CCI for a whopping $24 million. What on earth makes you think anyone is looking to spend $400 million on Heald? If anyone is buying Heald (which I personally doubt), they would be picking it up for chump change. And as 095 mentioned, they would be getting future income as an incentive.

cars lose value. the school makes profit and value rises. this person doesn't understand business

OP is an idiot. If you could buy a wrecked car for $1,000 and spend $10,000 to fix it and turn around and sell it for $400,000 you would do it. The school last sold for close to 400 million cash a few years ago. 30k to make 400 mill is a deal. Think like an investor, not some dip sh|t off the street giving bad advise. Kill yourself...