Nay sayers you all. Everything is awesome. Especially when you are part of a team. Everything is awesome when your living an education dream.
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I love the people that think a buy out is all peaches and cream. If it happens I hope you realize that 33% of you will be terminated within the first 90 days. Then over the next 12 months another 33% will lose your jobs as they close down under preforming campuses.
The systems are bloated which causes too many employees. The whole enrollment process needs to be streamlined. The QC should ask one question, what degree area are you interested in? Then transfer to that college. ERs should explain degree programs and enroll. FA should handle the funding including military and tribal. That it.
I agee, I am banking on 7 out of 10 ain't bad odds. We should be prepared.
I don't like Camden, but Camden is on the money with this. The revenue declines seen in the quarterly report indicate profitability is coming through cost cutting (I.e layoffs). Unlike Camden, I don't see private equity as "vulture capitalism". But to say they are friends of employees that they take over is hardly accurate. If the sale goes through, private equity will slash payroll around 30% within the first four months...And then surgically reduce what is left over the course of the investment horizon. They aren't paying $10 a share to keep the company as bloated as it is. You have been amply warned.
Camden is now a corporate analyst too!
The 4 cents per share profit was made by cutting labor costs. Most of the cost cutting was in instruction and student advising. Enrollment is down to 135,900 and expected to continue declining until at least 2019. If the merger is consummated, workers get to see first hand what a real vulture firm does.
Zip-a-dee-doo-dah, zip-a-dee-ay
My, oh my, what a wonderful day
Plenty of sunshine headin' our way
Zip-a-dee-doo-dah, zip-a-dee-ay!!!
I know, greatness is returning
Well golly gee willikers!