https://www.thelayoff.com/t/1pz8iBLP
Share price is plummeting...
Price per share of APEI down to $4.43. Earnings call in November.
PS
https://seekingalpha.com/article/4604081-american-public-education-inc-apei-q1-2023-earnings-call-transcript
"Rasmussen University Relocates to South Topeka with New Campus"
Expecting more of these relocations? https://www.wibw.com/video/2023/04/04/rasmussen-university-opens-doors-new-south-topeka-location/
Rasmussen NCLEX Pass Rates
https://www.rasmussen.edu/degrees/nursing/professional-nursing/program-outcomes-course-sequence/
Not good.
Looks like Rasmussen will need major restructuring. https://www.thelayoff.com/t/1lEaJSsu
How many campuses will close in 2023?
If Rasmussen is losing money, which campuses/learning sites will be on the chopping block?
Campus closings...
Brooklyn Park, MN https://www2.ed.gov/offices/OSFAP/PEPS/docs/dec2022sec1.pdf Who's next?
And even more losses...
https://seekingalpha.com/pr/19011892-american-public-education-reports-third-quarter-2022-results
More losses...
Enrollment down... https://seekingalpha.com/filings/pdf/16003122
RIFS in Q1
Lower enrollments mean more RIFs
Grad Reports show...
only 28 percent recommend the school and only 37 percent say it helped their careers. https://www.gradreports.com/colleges/rasmussen-college
A For-Profit school, operates multiple locations in Minnesota, Illinois, North Dakota, Wisconsin and Florida
A For-Profit school, operates multiple locations in Minnesota, Illinois, North Dakota, Wisconsin and Florida. Strong online presence as well Online Division.