Degreed enrollment down 22.2% in FQ1; new degreed enrollment down 38.1%. Segment revenue down 22%. These numbers are not too bad and management is already starting steps to keep revenue up during implementation of transition plan. Management is doing a superb job.
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The only reason someone would buy this pile of dogdoo is to sell the scrap metal and real estate. The name is worthless, in fact worse than worthless because it is synonymous with greed and tarnished forever. The 'degrees' are worthless, the curriculum is worthless. Anybody with stock is going to get left holding the bag just like every other company that fails.
Stock had a dead cat bounce. So what?
Stock is up because they may change ownership. Investors respond well when there is talk that sounds sane. Barclay and Credit Suisse are advising. Maybe they got the message enough damn fine leadership ... is enough.
Raises all around! The stock is already dropping. Are the layoffs gonna be voluntary or surprise here's your box?
Apperently they are! Just look at what the "bad" news did to the stock. Up 10%.