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.
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...
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