NAUH hasn't reported a delisting warning...yet. But if it happens, it will appear here. https://listingcenter.nasdaq.com/IssuersPendingSuspensionDelisting.aspx
(Rapid City Journal) National American University spells out challenges to investors as student enrollment declines
"An annual financial document filed last week with the federal government by National American University shows the Rapid City-based for-profit college is in a fiscal downward spiral, dwindling from over 8,000 to 5,600 students in two years."... — read more
NAUH finally releases annual report. Larger losses in 2018.
"The university’s enrollment declined from 8,185 students as of May 31, 2016 to 6,703 students as of May 31, 2017, and then decreased to 5,648 students as of May 31, 2018, representing a decrease of approximately 18.1% from 2016 to 2017 and a... — read more
Nearly all NAU campuses are in trouble
Looks like only a few campuses are viable. National American University Campus Populations (Source: National Center for Education Statistics) Salem, VA 980 Kettering, OH 22 Lexington, KY 233 Youngstown, OH 34 Albuquerque, NM (2) 190+163 Austin, TX... — read more
What lies ahead?
Is NAUH the next COCO-Zenith, ITT Tech, EDMC-DCEH? https://www.thelayoff.com/corinthian-colleges https://www.thelayoff.com/zenith https://www.thelayoff.com/itt-educational-services https://www.thelayoff.com/dceh
National American University layoffs
Why no posts here when we know there are layoffs at National American Uni... People are scared?
NAUH story
NAUH has been losing money since 2015, with only severe cost cutting in sight. A former NAUH executive has filed a False Claims lawsuit alleging that the school defrauded the US government. NAUH has mortgaged their real estate assets to stay afloat... — read more
NAU: Feeding Off Of The Dead Bottom Feeders
What schools has NAU scavenged from? Everest (Corinthian Colleges) ITT Tech Brown Mackie College (Career Education Corporation) Westwood College Wright Career College Career Point College... — read more
Even more bad news
Fewer students and less money means more layoffs. National American University (NAUH -7.3%) reports Q3 total revenue of $18.2M (-14.6% Y/Y). Operating margin was -19.7% & Adjusted LBITDA, which excludes loss on disposition of property was -$1.4M... — read more
Closed Campuses
NAU has gone from 32 campuses operating to now only 19 campuses in operation. The ship has sunk and it shows in the closed Campuses and the VP of Admissions Joe Sallustio bailed in December. GET OUT!
Enrollment down 13.8%
Enrollment down to 6241. https://www.sec.gov/Archives/edgar/data/1399855/000165495418000142/nauh_10q.htm
Bad year for NAUH
Total enrollment down 12% in 2016. https://www.directorstalkinterviews.com/national-american-university-holdings-inc-reports-fiscal-2017-second-quarter-and-six-months-results/412719922
TIME TO BAIL!!!!!
DOE is getting ready to pull funds. Start looking for a new job!
NAUH Heading Toward Zombie Territory
Doesn't look good for the school.
Obama Proposes Free Community College
As ABC News says, it's more of a "political pipe dream." But more progressive states can do this.....http://abcnews.go.com/Politics/wireStory/obama-proposes-publicly-funded-community-college-28105522
Let Me Know When the Layoff Rumors Begin
My email and twitter are above. Let me know when the layoff rumors start.
@maverick - that's salary only..
@maverick - that's salary only... all three of them made much more in stock...
These are 2010 figures.... Ronald L
These are 2010 figures.... Ronald L. Shape, Chief Executive Officer and Chief Financial Officer $990,361 Jerry L. Gallentine, President $1,154,422 Michaelle Holland, Regional President for the South and Southeast Regions $692,807 Robert D... — read more
how much did your ceo make last year?
how much did your ceo make last year?
Regions are merging, Administrative positions are being eliminated, people are being laid off and fired because enrollment is down and the...
Regions are merging, Administrative positions are being eliminated, people are being laid off and fired because enrollment is down and the millions made in profit each year are not enough to cover someone's $30-33,000 pay.