We're in the money! Now we can pay of the billions of dollars in debt we have. Or, maybe just buy one bagel for each school. Cream cheese is extra.
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You know I love my bagels and cream cheese.
You know I love my bagels and cream cheese.
Less then .5 billion? That's still 500,000,000! Talk about trying to play down the numbers. With that much money you could lay down a mat of bills the size of eight Vaticans. It would stretch across the land mass of Monaco—twice.
Edmc accounting at its finest!
Smoke and mirrors.
Um that's because they converted debt to shares, against some debtholders' wishes, hence the lawsuits from Magnolia and Marblegate, the latter of which successfully sued to block.
Lower debt in this case doesn't mean success or growth. It means accounting tricks. Better save up to buy your own bagel.
EDMC's debt is less than 0.5 billion.