For those who missed it--here is a short summary. Buzzwords by the 1,000s--synergy, transparency,, student outcomes, rightsize--blah, blah, blah. Next from the criminal board, overseas expansion, expansion wherever possible as long as it is where the rules allow bilking students again. Next, the true mantra of the call--it will all be better next year--repeat till ears bleed. Well, according to the market, analysts and investors stopped believing this BS and sent the stock plummeting. Well done board---Jan $34, April $20, July $13, Oct $7. That must deserve millions in bonuses!!
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My cup runneth over Like blood from a stone These stand for me Name your god and bleed the freak I like to see How you all would bleed for me When the pig runs slower Let the arrow fly When the sin lies bolder I'll pluck out thine eye These stand for me Name your god and bleed the freak I like to see How you all would bleed for me
Either bleed now or bleed later. Point is that everyone will be impacted heavily by these restructures. 2016 will be its last straw. Either make it or break it.
Any other company would fire the CEO years ago. There must be something going on I don't understand.