Who was the last one? https://www.sec.gov/Archives/edgar/data/1305323/000130532320000027/form8-kxitem502evpoper.htm
Hiring
"CHANDLER, Ariz., March 26, 2020 /PRNewswire/ – As U.S. jobless claims reached unprecedented levels, education technology service provider Zovio (ZVO) (Nasdaq: ZVO) announced today it would hire more than 200 enrollment advisors in the next four... — read more
COO Fired
Andrew Clark sent out an email saying: "Effective Immediately, I have terminated Greg Finkelstein and he is no longer employed at Zovio" Looks like they found a sacrificial lamb for the historically low stock price, although no one liked working... — read more
Accounting tricks?
Can anyone explain how Zovio is going to pull this rabbit out of the hat? From Zovio's latest SEC Form 10K regarding Department of Education financial responsibility scores for Ashford University: "The composite score is a number between negative... — read more
(Stars and Strpies) "Vets group sounds the alarm after VA greenlights controversial Ashford University for GI Bill funds"
“Ashford University preyed on veterans and people of modest means,” Attorney General Xavier Becerra said in a statement. “This for-profit college illegally misled students about their educational prospects and unfairly saddled them with debt.”... — read more
More financial losses
https://seekingalpha.com/news/3544184-zovio-and-nbsp-eps-misses-0_05-misses-on-revenue
Shares up 30 perecent today
Zovio shares surged 30 percent today. Anyone know what caused the dramatic change?
Zovio and FullStack agreement with LSU
"Zovio (ZVO) (Nasdaq: ZVO), an education technology services company, announced today that Fullstack Academy, a Zovio subsidiary, has partnered with Louisiana State University to offer two coding programs... — read more
Write off
Donated 200 junk computers? Hope they scrubbed them of incriminating evidence. https://markets.businessinsider.com/news/stocks/zovio-donates-200-computers-and-three-printers-to-amerischools-via-az-strut-1028847956
I am confused
Nobody has entered into an agreement with Zovio Except for Ashford for services. Zovio has no real profit without Ashford. Take my word that Zovio has no tech, and all of this just means that Zovio can become even more shady with prospective students... — read more
Zovio is running out of money!!!
Down to $70 million in cash and had to take out a $100 million loan for 15 percent interest!!!! The sham is up and now they will be gone within a few years
Shares down to $1.82
Guess the shareholders were not amused by news of the "transition" news. Paying for the transition, a $103 million loan at 15 percent annually, sounds like a company that has issues. I know I thought Zovio had found a free market patsy, as Kaplan... — read more
Zovio Announces Letter of Intent with Ashford University Nonprofit Entity to Convert and Separate Ashford from Zovio
Looks like Zovio may have c-apped out. Wonder how the shareholders will take this. https://seekingalpha.com/pr/17740545-zovio-announces-letter-of-intent-ashford-university-nonprofit-entity-to-convert-and-separate
Snags?
"Our goal is to close the proposed separation and conversion or announce the signing of the agreement for the sale of Ashford University by the end of 2019." "As I said, our goal is to announce either the close of the conversion or assign... — read more
Sold?
Word on the street is that key staff have been notified of a meeting this Thursday.
Hechinger Report
"He found a website listing Ashford University as friendly to service members and veterans. He said the online for-profit university promised him a comprehensive slate of classes and flexibility in scheduling them, so he signed up. His relationship... — read more
Pressured to pass students?
I'd like to know more about rumors that Ashford instructors were pressured to pass students. My College Meltdown email is easy to find.
The Higher Education Assembly Line
https://www.linkedin.com/pulse/higher-education-assembly-line-dahn-shaulis/
Zovio Celebrates New Headquarters
PR Newswire CHANDLER, Ariz., Nov. 14, 2019 /PRNewswire/ – Zovio (ZVO), an education technology services company, cut the ribbon at their new Chandler Headquarters yesterday. Andrew Clark, Founder, President, and CEO of Zovio, was joined by over... — read more
Job Opening
The full-time Corporate Communications Specialist position is a key part of the communication team at Zovio. We’re looking for someone who enjoys writing stories, planning events, managing projects, and reporting results. This role will have a lot to... — read more
Academics?
I hear Ashford profs have been pressured to pass all their students, that some students have been granted degrees despite not meeting degree requirements, and that plagiarism has been ignored. Any truth to that? If so, how rampant is it?
Ashford prof organizing for justice and accountability
SB does not want Ashford to shut down. He and others are seeking justice for students and teachers. How will Zovio respond? https://www.youtube.com/watch?v=gNe9RvWLYJg&t=113s https://www.youtube.com/watch?v=9au2O18D-gs
Ashford to become Indiana State University College?
Is this right?
Is Ashford University the next Purdue University Global?
Several people in higher education have compared an Ashford University deal with a state university to the Kaplan Higher Education-Purdue University Global deal. And does sound like AU may have several suitors. So what has happened to Kaplan... — read more
Ashford suitors
"Zovio does not have the assets, such as cash on hand, for a safe conversion over the long run. And this lack of assets would make the buyer school more responsible for finances during the conversion." " the most logical buyer would be a school... — read more
State Colleges Seduced By For-Profit, Online Education
"As Betsy DeVos’s Department of Education works this morning to outsource more and more taxpayer-funded student aid to predatory for-profit online education companies, Wall Street investors see a new gold rush. Seeking to avoid the stigma and... — read more
Shares up
ZVO shares continue to rebound, from a low of $1.39 to $2.66 today. Guess investors think there is a good deal in the making.
Forgot to mention...
Someone is still doing very well. https://www.sec.gov/Archives/edgar/data/1305323/000130532319000035/a8-k2019ltiawards.htm
How can Zovio sell Ashford...
when parts of the school are in chaos? Is there a college or department that is doing ok?
Sale of Ashford to...?
Really? "There are several public university systems that may be interested in purchasing Ashford, said Urdan….The University of Massachusetts and George Mason University are both rumored to be considering... — read more
Inside Higher Education
"The online university, seeking transition from for-profit to nonprofit, suffers enrollment losses resulting in layoffs of 300 there and at its parent... — read more
$85 million left in the bank
Things are bad!!!!!! Running out of money like crazy. Bye bye zovio
Revenues down. More losses
Revenue for the three months ended September 30, 2019 was $104.3 million, compared with revenue of $112.8 million for the three months ended September 30, 2018. Operating loss for the three months ended September 30, 2019 was $7.8 million... — read more
Sounds fishy to me
"Zovio Employer Services has teamed up with Pacific Seafood to expand their employee tuition benefits, making it possible for more than 3,000 of their... — read more
Earnings call October 30th
CHANDLER, Ariz., Oct. 23, 2019 /PRNewswire/ – Zovio (ZVO) will release its third quarter 2019 financial results after market close on Wednesday, October 30, 2019. Zovio will host a conference call and webcast for investors and analysts to discuss... — read more
CCME in Philadelphia
Is anyone going to CCME in 2020?
Shares at $1.61
Even with all the support from DC, Zovio continues to spiral downward. ZVO cannot just cut their way out of this mess.
Zovio Outlines Response from the U.S. Department of Education Regarding Proposed Change in Ownership of Ashford University
"Zovio asked the Department to conduct an abbreviated preacquisition review of its proposed change in ownership of Ashford and its conversion to nonprofit status. The Department's abbreviated preacquisition review letter indicated that within ten... — read more