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Education Management (EDMC): FQ2 EPS of $0.25 beats by $0.06. Revenue of $654.9M (-11.2% Y/Y)...

Education Management (EDMC): FQ2 EPS of $0.25 beats by $0.06. Revenue of $654.9M (-11.2% Y/Y) beats by $3.66M. (PR)
Comments (1)
  • Onepaw
    , contributor
    Comments (32) | Send Message
     
    This is EDMC and credibility is an issue at all times and in every respect. Before we take this as a sign of some type of "bottoming out" (I love Todd Nelson's "Low water mark" of last year) let's let the numbers withstand scrutiny.

     

    Given the numbers returning to work it would seem logical that some increase in enrollment would occur. Being employed does not prevent one from being conned. There are similar favorable indicators at Grand Canyon and others.

     

    Lest we forget there are still scores of lawsuits that must be settled. There are still scores of lawsuits being written. Most of all there is that pesky Department of Justice 12 Billion dollar suit that EDMC would prefer to settle rather than allow it to be refiled and criminal charges apply.

     

    Finally there are those nasty pension funds. It is hard to find a state or a major fund that is not investigating EDMC. For the most part they are awaiting the progress of the DOJ suit before acting. There will be revenues from the sale of properties that is encouraging. However, face it, this company belongs to the attorneys and it's fate is tied to years and years of litigation.
    31 Jan 2013, 03:47 AM Reply Like
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