Currently trading at $4.87. The leaders in Carmel must have seen this as a real possibility. Why on earth don't they just file the damn documents? Or do they know that filing them will make the company look even worse than not filing them does? Are they sitting on explosively BAD information?!?!
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The people at that work it ITT are not the type like CCI that will speak out on what's going around them. They will sit and watch the walls burning but believe that they are going to be saved at the last minute. I have found that people here are very complacent. It's very sad, I'm looking for something new and I hope I get it before the other shoe drops.
The stock will stabilize at 4.50, now that people cannot short it any more (it's under five bucks)
It boggles my mind why ITT Tech workers have not been discussing the coming crash here. Corinthian Colleges was the first big one to fail. EDMC may be next. And ITT (ESI) may follow.