Thread regarding Education Management Corporation layoffs

When they finally go under, I will pop a cork, toast to their pain and dance on their grave....but I am not bitter.

This is plain stupidity--and the work of an incredibly lazy mind--dippy EDMC is all but private there is not enough common stock to buy a shoeshine no matter how you play it--EDMC hires the only stupid and inferior people it is clear--at some point that will change.

It will be gone by the end of the year. While there are several options that could rescue it from the brink, lets face it, no one wants to bet on a loosing horse. Not with billions of dollars that is. And they have destroyed their own brand which at best was just a good ad campaign. There were never any real good job numbers they could point to. They are like those politicians that get caught having sex in the stall of the airport bathroom and still claiming they did nothing wrong, are not gay and still push a homophobic agenda. Google: Senator Larry Craig arrested

923 you are an idiot to think edema will last a few more years. It will be gone by the beginning of next year. Mark my words.

I agree with 682. The share price had nothing to do with Corinthian's closing. It had to do with DOE putting the pressure on them. On the other hand, I also think the DOE is worried about causing another collapse of a large for-profit. They are eyeing the enormous bill they have to pay covering the tuitions of students who got shafted by Corinthian's collapse and I suspect they will hesitate before pulling the trigger again. But 682's right. Gainful employment is the real danger. Instead of trying to improve the overall quality of the schools through higher admissions criteria, motivated faculty and upgraded equipment, Ed West and co spent millions on lobbying efforts that, in the end, failed to deflect Gainful Employment laws anyway. Now Gainful Employment will exact a heavy toll and although EDMC will last a few more years, the end does not look good.

Only 4 percent of value if company is in stock. It could hit zero and the company will still be around.

Corinthian did not go under due to stock prices - DOE activity put them into a position where they could not continue, and the DOE has said that they regret that decision, that there were other ways that could have been less disruptive. Gainful employment is a danger, watching the stock just means KKR will try to offload the company to another owner.

I agree that the company will close soon. It could happen in the next month or it could take several months but it is coming soon.

EDMC is a ship of fools. They hired clueless fools so they could manipulate them.