Thread regarding University of Phoenix layoffs

According to the Quarterly Report, Apollo Education Group is anticipating major financial problems as enrollment declines sharply. Although they have several hundred million in cash, and had a good financial rating in 2015, they are losing assets quickly. If Apollo Education Group and University of Phoenix cannot meet certain standards, Apollo Global Management can also back out of the deal..................................

https://biz.yahoo.com/e/160407/apol10-q.html

Any accountants here? How did Apollo Education Group goodwill increase by $18M? And with all the lawsuits, there were no litigation costs? There are some other question marks on this balance sheet., but maybe an accountant can explain................................................http://finance.yahoo.com/news/apollo-education-group-inc-reports-203000870.html

And once the announcements are made, those who made the decisions head out the door for a 'retreat'

Thanks Greg for yet another outstanding quarter. Must be a record you are going for. How many straight losses now? Any sane board would have fired his worthless Arse after the 3rd quarter of straight losses, but not UoP. We thrive on idiocy.

I was simply providing some facts about him.

What makes him a loser is his attitude and his trolling.

http://www.azcentral.com/story/money/business/economy/2016/04/06/university-phoenix-parent-apollo-education-group-reports-more-losses/82707900/

Arizona Republic Online Posted 4-6-16 4:27 PM

University of Phoenix parent Apollo Education Group reports more losses

The parent company to the University of Phoenix reported another money-losing quarter to investors Wednesday, noting enrollment fell 24 percent over the past year and net revenues slipped 19 percent.

New enrollment skidded 39 percent over the same period a year ago, contributing to an $80 million operating loss for the quarter for the Apollo Education Group.

Apollo's earnings report is likely the last one shareholders will get before they can vote on whether to accept a buyout offer that would take the Phoenix-based company private.

The latest numbers, along with Arizona-heavy layoffs at the university outlined Tuesday and additional filings by Apollo, underscore why the company is urging investors to approve the proposed $1.1 billion sale.

“While we are facing significant industry and regulatory headwinds that have resulted in declining enrollment at University of Phoenix, we remain focused and committed to a transformational plan that will help the university improve student outcomes and compete more effectively over a long-term period,” said Greg Cappelli, Apollo's CEO, in a statement.

Apollo officials dispensed with the usual conference call with analysts who track the company, noting the approaching April 28 shareholder voting deadline. Two of Apollo’s largest shareholders have indicated their opposition to the sale for $9.50 per share that was announced Feb. 8.

Even as investors absorbed another disappointing quarter, the company said Wednesday it was reminding them in an email of the hazards of rejecting the buyout offer.

“The consequences of a no-vote should be fully understood. Your decision should not be based solely on the adequacy of what you, as shareholders, are receiving, but also the potential risks you are avoiding by accepting this offer,” Apollo wrote in a filing with the Securities and Exchange Commission.

The buyers include the New York-based Apollo Global Management, which is otherwise unaffiliated with Apollo Education, the Vistria Group of Chicago and Najafi Companies of Phoenix.

In a lengthy report filed last month, Apollo Education detailed its crumbling fortunes, urgent efforts at finding a buyer and the "golden parachutes" awaiting the company's top executives if the sale is approved.

Apollo Education has outlined the financial squeeze it operates under due to the looming expiration of its credit line, a recent $70 million loss in business value and a worsening score the U.S. Department of Education uses to permit access to taxpayer-backed student loans. The company gets most of its revenue from the loans.

Records show that while Apollo Education has cash stockpiles, much of it could be obligated to manage its operations in the future.

Last week, the company told investors it now expects enrollment to dip to 133,000 by 2019. In 2010, the school had more than 470,000 students.

Apollo Education's stock has plummeted along with its enrollment. In 2009, the stock traded for $89 a share. It fell to $6.31 earlier this year before stabilizing around $8 per share since announcing the looming sale. On Wednesday, the stock finished regular trading at $8.07, up 1 cent.

Apollo Education is only the biggest to fall in an industry that has lost more than $25 billion in shareholder value in recent years. For-profit education has come under government scrutiny for pricey programs that too-often failed to yield meaningful employment and more competition for online coursework from traditional universities.

What makes him a loser and you a judge? Sociology ----the study of the development, structure, and functioning of human society. the study of social problems. Studying sociology on a website, where so many people spend their time.?...Working at a prison? His age? Wow. So harsh.

60 years old?. My God. We all know there is no wisdom over 30. Sometimes facts do matter.

Supposedly Camden Kid has a doctorate in sociology or something like that.

Makes you wonder what he is doing with that doctorate if he has enough time to troll on here.

He is also close to 60 years old.

He also worked in a prison at one point.

Look him up on Google, you can find all this info about him.

He is a total loser, it's actually pretty sad.

You have such class. Please off yourself loser