The January 9 earnings call will tell a lot about what's going on inside Apollo Group and how many more people will be fired.
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Have they announced any layoffs?
The only thing confirmed is me and Camden taking our shirts off come on Camden you said you wanted it like a wild animal baby. Let's forget all this layoff nonsense and lay each other off.
CORRECTION: Merger HAS NOT been confirmed.
Looks like the merger is confirmed for February 8, 2017.
The budget cuts are telling. APOL cut marketing by $3M, admissions by $7M, and instructional and student advisory by $42M. That tells you where the priorities are.
Plus the company had it's first profitable quarter in a while so that's good to hear.
Missed EPS consensus and share prices dropped quite a bit. Doubt it will affect the deal, though.
When is the call? Does anyone have the call in number?
Click your heels together 3 times and say "There's no place like profitability." Oh Toto, UOP is starting to stabilize with its never-ending cost cutting.
Camden is now an expert at corporate finance!
If the merger is consummated, the University of Phoenix will descend into the shadows of private equity. No more concerns about SEC records. Less oversight by federal agencies.
But University of Phoenix will have to turn a real profit fairly soon with Apollo Global Management, even while enrollment is dropping. No more fudging the balance sheets.
Hopefully, there will be people on the inside who will report what's going on during the cost cutting.
If you want to get an idea of what the future may be like, look at Education Management Corporation (EDMC).
not really dumb--s
Profitable at what cost? The profits (and the balance sheet) have been mostly smoke and mirrors.
Apollo Ed has been profitable the last two quarters . I see no reason why it will not be three quarters in a row.