Post is another subprime college https://seekingalpha.com/pr/17644699-zovio-announces-tutorme-partnership-post-university

:)

Hilarious... https://seekingalpha.com/article/4291447-zovio-zvo-investor-presentation-slideshow

San Diego academic advisors and other roles will be given there walking papers in March and outsourced to Arizona ...this isn’t a new development. Staff is aware of this

The stock is at $2.71 this morning. How low can you go?

Q2 Non-GAAP EPS of -$0.15 beats by $0.05; GAAP EPS of -$0.58. https://seekingalpha.com/news/3488921-zovio-and-nbsp-eps-beats-0_05-misses-revenue

Numbers should get better when all of that gets cleared

"Zovio (ZVO) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2019. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the... — read more 

Why are the enrollment numbers for Ashford University reported to the SEC so much higher than the numbers reported to ED? Is it simply a matter of definitions, or is someone cooking the books? If it is cooking the books, are all the subprime... — read more 

Do you feel more honest and clean now? https://www.educationdive.com/news/accreditor-approves-ashford-us-nonprofit-conversion/558781/

Zovio continues to limp along. The shares aren't so low that we can call increases a dead cat bounce. But the next earning report in late July will be interesting. Not sure what to make of this, but a former PwC auditor is now on the Board... — read more 

Because Zovio cares so much about military veterans... https://finance.yahoo.com/news/zovio-announces-appointment-marc-brown-210000951.html

Just reading this from local paper, which published the WARN notice on the layoffs in San Diego:... — read more 

It's early in the game, but this looks similar to COCO, ESI, EDMC, and NAUH.

Pay check will be continued until August 12 Severance after that

Vp of enrollment and almost all of the managers are fired in enrollment .. esas are being walked out one by on

Michael Clifford, Bridgepoint and Ashford University were just symptoms of a madness, brought on by a contagion of greed, a College Mania! that is still perpetuated by... — read more 

Just saw this on LinkedIn. https://bridgepointeducation.wd5.myworkdayjobs.com/Ashford_External_Site/job/San-Diego-CA/Talent-Acquisition-Manager_R19-0662

I work here but it feels good to see the executives lose money since they treat everyone like slime

"There’s already emerging consensus, for example, that online programs, sometimes referred to as distance education programs, routinely fail students in need of remediation or those without high self-motivation or advanced learning skills."... — read more 

Lots of final corrective actions being put into place to fire lots of staff by early to mid July to avoid severances

Operating loss for the three months ended March 31, 2019 was $7.2 million, compared with operating loss of $0.6 million for the three months ended March 31, 2018. Net loss for the three months ended March 31, 2019 was $6.6 million, compared with net... — read more 

"Revenues are expected to be $111.85 million, down 5.2% from the year-ago quarter." https://finance.yahoo.com/news/bridgepoint-education-zvo-reports-next-143202975.html

Must mean money is drying up

No LOC? https://theintercept.com/2019/04/12/betsy-devos-for-profit-colleges/

Ashford University was highlighted in this NBC News investigation. https://www.nbcnews.com/politics/politics-news/veterans-could-be-first-pay-devos-rolls-back-profit-college-n985891

Zovio is largely leaving San Diego, only thinking of cost cutting...again. Sounds like there is little grumbling. https://www.glassdoor.com/Overview/Working-at-Zovio-EI_IE32643.11,16.htm But this is not the first time that this organization abandoned... — read more 

Zovio is buying TutorMe. https://seekingalpha.com/news/3448418-zovio-adds-tutorme

Day after the party celebrating the rebrand each department had an organization update. The call center has two months to relocate to Arizona or they are jobless... student advising has six months to move or they are done as well

Some people have been paid handsomely. https://www.sec.gov/Archives/edgar/data/1305323/000130532319000035/a8-k2019ltiawards.htm

Looks good on the outside...I wonder how much it will cost for the rebranding https://www.zovio.com/our-story/corporate-social-responsibility/ https://www.zovio.com/who-we-serve/higher-education/enrollment/... — read more 

https://www.zovio.com

In a relentless pursuit for carrion. https://www.dcedh.org/partner-institutions

Saw this with Corinthian Colleges and ITT Tech in the past... — read more 

What were the names of the bootcamps that Apollo Group and Dream Center had? " Bootcamps may not be technically a scam, but they come awfully close."--Richard Kenneth Eng, former Project Team Leader at ATI Technologies (1993-2000)... — read more 

A company was purchased today by beidgepoint for $17 million and 4 million shares of stock

The Company anticipates reporting the following financial results for the fourth quarter ended December 31, 2018: Operating loss in the range of $13.6 million to $14.0 million. Net loss in the range of $13.4 million to $13.8 million... — read more 

It's good for Bridgepoint Education and Ashford University that they have lots of friends in DC. But fudging numbers is a really bad idea. Look at what's happened at Dream Center Holdings and the collapse of Argosy University and the Art Institutes... — read more 

Stock down 30 percent due to fudged numbers, vp of ops fired, new COO passing everyone off, and almost all of San Diego enrollment on corrective action and Arizona doing terrible