Brian Grosso
Investment advisor, long only, long-term horizon, value

Lincoln Shares Tanked, Now What?

Company Overview

Lincoln Educational Service Corp (NASDAQ:LINC) is a $100M for-profit education company. The company serves both recent high school graduates and adult learners programs in automotive technology, health sciences, skilled trades, hospitality services, and business and information technology via 38 campuses and 5 training sites in 17 states. In 2012, average enrollments at the company's schools totaled 18,086. Most students are enrolled in certificate programs. Only 15.7% of students at the end of FY12 were in degree-granting programs, the majority of which are at the associate's degree level.

The Damage

In the last 9 days, shares of LINC stock have tanked 21.23% from $6.69 to $5.27. (click to enlarge)

The decline is mainly due to the press...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details