Who Is Really Running the Show? And Why Is This Important to Know?

Investor/Owner Information: Too Big To Fail?

Goldman Sachs - Bailout Buddy (your tax $$ at work)

OOPS That's a 'No No'

Playing Games with the Legal System?

Former SEC Chairman on Fraud Lawsuit (Video)

Leeds Equity Partners

Providence Equity

$380 Million Initial Public Stock Offering

EDMC (Stock Quote) 

2010 4th Quarter Earnings Conference Call August 11, 2010

EDMC SEC Filings (Note 12/14/09 filing - default rates for student borrowers)

EDMC SEC Filings (Note 5/7/10 filing - qui tam whistleblower suit filed)

EDMC SEC Filings (Note 8/11/10 filing regarding increas in earnings) See excerpt below

Todd S. Nelson, Chief Executive Officer of Education Management, commented, "Fiscal 2010 was marked by strong financial performance driven by continued student demand for our diverse array of high quality academic programs. Students recognize that we offer them a pathway to achieve their education and career aspirations, and that our entire company is dedicated to helping them succeed.  This dedication is evident through the success our graduates are having finding jobs even during the current difficult economic times."

But this begs the question: how many actually graduate from Argosy? 

***  Déjà vu?  ***

 

Steve Eisman's Next Big Short: For-Profit Colleges

The Next Sub-prime Crisis? (see charts in the presentation)

“Until recently I thought that there would never again be an opportunity to be involved with an industry as socially destructive and morally bankrupt as the subprime mortgage industry,” said Mr. Eisman, of FrontPoint Partners, a unit of Morgan Stanley. “I was wrong. The for-profit education industry has proven equal to the task.”