Education Management Corporation(EDMC)- NASDAQ
EDMC is defunct.
  • Tue, Feb. 9, 9:13 AM
    • The Department of Education announces it created an enforcement unit to help crack down on student aid fraud and illegal recruiting tactics.
    • "We've also seen too many programs that promise students a better life only to leave them with piles of debt without the prospects to pay them," stated Education Secretary John King.
    • On watch: CECO, DV, STRA, ESI, LOPE, APEI, LINC, BPI, LRN, EDU, NAUH, APOL, EDMC.
    | Tue, Feb. 9, 9:13 AM | 3 Comments
  • Wed, Feb. 3, 11:54 AM
    • Strayer Education (STRA +6.2%) is higher after Credit Suisse lines up a Neutral rating on the for-profit education stock and a $60 price target.
    • The CS note is on the optimistic side that some stabilization will be seen this year.
    • Other names in the beat-up sector on the move include Capella Education (CPLA +5.3%), DeVry (DV +3.4%), and Education Management (EDMC +6.4%).
    | Wed, Feb. 3, 11:54 AM
  • Nov. 16, 2015, 3:13 PM
    • Education Management (NASDAQ:EDMC) reached a $95.M settlement with the DOJ to resolve a lawsuit filed by the government.
    • The company was accused of using deceptive recruiting tactics.
    • As part of the settlement, Education Management will forgive debts of students who enrolled for classes between 2006 and 2014, but dropped out in fewer than 45 days.
    | Nov. 16, 2015, 3:13 PM | 1 Comment
  • Apr. 27, 2015, 1:37 PM
    • For-profit education stocks are getting bashed after Corinithian Colleges (COCO -25.9%) closes all of its schools in a development that throws a spotlight on the sector.
    • CNBC reports it's the largest shutdown in the history of higher education in the U.S.
    • Previously: Education stocks on watch after Corinthian Colleges shuts down (Apr. 27 2015)
    • Decliners: Apollo Education (NASDAQ:APOL) -1.5%, Career Education (NASDAQ:CECO) -7.1%, Strayer Education (NASDAQ:STRA) -1.7%, Lincoln Education (NASDAQ:LINC) -1.3%, Education Management (NASDAQ:EDMC) -4.1%, National American University Holdings (NASDAQ:NAUH) -1.8%, American Public Education (NASDAQ:APEI) -1.3%.
    | Apr. 27, 2015, 1:37 PM | 3 Comments
  • Mar. 31, 2015, 10:35 AM
    • A group of Corinthian College (NASDAQ:COCO) students are attempting to back out of their student loan obligations after the company closed campuses to diminish the value of degrees from the institution.
    • The students have some support from the CFPB in their bid for debt relief, although the federal agency won't advocate for non-payment.
    • The development is another bright spotlight on a sector already reeling from enrollment losses.
    • "I just turned 22 and I have this much debt and I have nothing to show for it," summed up one Corinthian student on her plight.
    • On watch: Career Education (CECO -2.3%), ITT Educational Services (ESI -2.2%), Education Management (EDMC -7.3%), Strayer Education (STRA -1%), DeVry Education (DV -0.5%).
    | Mar. 31, 2015, 10:35 AM | 5 Comments
  • Mar. 25, 2015, 2:23 PM
    • The for-profit education sector is full of volatility today.
    • Apollo Education (APOL -27%) is getting shellacked off of a disappointing FQ2 earnings report.
    • Enrollment guidance from Apollo came in below expectations.
    • Peers Bridgepoint Education (BPI -3.7%), DeVry Education (DV -5.5%), ITT Educational Services (ESI -4.1%), Grand Canyon Education (LOPE -3.9%), and American Public Education (APEI -1.6%) are also lower in sympathy.
    • National American University Holdings (NASDAQ:NAUH) is an outlier with a 3% gain, while microcap Education Management (NASDAQ:EDMC) is up a clean 20%.
    • Trading volume is up across the sector.
    • What to watch: A push by President Obama to make some forms of community college free is considered a threat to the sector.
    | Mar. 25, 2015, 2:23 PM | 7 Comments
  • Feb. 9, 2015, 1:28 PM
    • Some education stocks are getting a second look from investors today to partially reverse what's been a decline in the sector for 2015 amid enrollment and student loan concerns.
    • The rally has been underpinned with decent volume.
    • Gainers: Bridgepoint Education (NYSE:BPI) +4.2%, ITT Educational Services (NYSE:ITT) +1.5%, Education Management Corporation (NASDAQ:EDMC) +2.7%, Career Education Corp. (NASDAQ:CECO) +4.2%, DeVry Education (NYSE:DV) +2.1%.
    | Feb. 9, 2015, 1:28 PM | 1 Comment
  • Jan. 9, 2015, 3:03 AM
    • President Obama has unveiled a proposal to make community college free for the first two years, with federal funding covering three-quarters of the cost and states that participate contributing the rest.
    • "We have to make sure that everybody has the opportunity to constantly train themselves for better jobs, better wages, better benefits," announced Obama.
    • The White House expects an estimated 9M students to participate in the program and save $3,800 a year on tuition.
    • Education Stocks: CECO, STRA, COCO, ESI, ITT, BPI, LINC, DV, LOPE, APEI
    • APOL -0.7%; EDMC -6.1% AH
    | Jan. 9, 2015, 3:03 AM | 23 Comments
  • Jan. 3, 2015, 10:50 AM
    • "The for-profit sector is dead," is the grim assessment from sector pioneer Michael Clifford.
    • Tougher federal regulation enforced by the Obama administration and increased scrutiny by students on the value of diplomas have chipped the growth story down to a nub.
    • Excess capacity in the sector could lead to tuition price cuts in 2015, warn analysts, particularly for post-secondary medical and technology programs.
    • On watch: DV, APOL, STRA, ESI, CPLA, BPI, EDMC, COCO, APEI, LINC, NAUH.
    • Grand Canyon Education (NASDAQ:LOPE) could be the outlier in the group. The stock managed a 4.6% over the last year on a higher mix of traditional campuses.
    | Jan. 3, 2015, 10:50 AM | 10 Comments
  • Oct. 24, 2014, 12:52 PM
    • Shares of Education Management (NASDAQ:EDMC) are in freefall after the company indicates it will voluntarily delist itself from the Nasdaq.
    • EDMC -36.96% to $0.725 on volume 2X normal activity.
    | Oct. 24, 2014, 12:52 PM
  • Oct. 24, 2014, 12:48 PM
    | Oct. 24, 2014, 12:48 PM
  • Oct. 23, 2014, 6:46 PM
    • Education Management (NASDAQ:EDMC) announces it will volunteer to delist its shares from the Nasdaq.
    • The company says its shares will head to the pink sheets.
    | Oct. 23, 2014, 6:46 PM
  • Oct. 20, 2014, 12:50 PM
    | Oct. 20, 2014, 12:50 PM | 4 Comments
  • Sep. 17, 2014, 12:45 PM
    | Sep. 17, 2014, 12:45 PM
  • Aug. 27, 2014, 12:46 PM
    | Aug. 27, 2014, 12:46 PM
  • Aug. 27, 2014, 11:16 AM
    • Education Management (EDMC -11%) has an agreement in place with close to 80% of the holders of its debt to reduce the amount owed to $400M in a multi-step restructuring.
    • The company expects the regulatory approvals and a shareholder vote on the plan to occur in 2015.
    | Aug. 27, 2014, 11:16 AM