Last week it dives 40% in a day, why the hell is it up the last 2 days. Who would actually choose to buy stock from a fraudulent for profit company with industry leading debt and defaults especially 2 weeks after Corinthian went bust. This company has dozens if not hundreds of active lawsuits. There is little doubt at least some pretty powerful sectors of the government want this diploma mill shut down, so why is anybody still pouring money into this festering toilet every day?
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Why the hell is it still going up... Starting to wonder if the mob uses this stock as a laundering operation or something. Verge of delisting, terrible reputation, on the hook for billions and people keep buying..
3205: I second that.
I am 100% sure this company is going down the drain. No question about it!
3203
3203-My issue isn't that its up 3 cents or whatever, its why isn't it down 2 bucks.. Who still thinks there is anything but 100% chance of this company getting flushed soon?
I wouldn't count on becoming wealthy from their stock. This gigantic increase amounts to ..... 3 cents. Yup just 3 cents. This large amount of money is so hard to resist. Give it to their executives as their annual bonus this year.
Stock prices are illusory. ESI is still in major financial and legal trouble that they cannot easily remedy. They can lose money and all credibility but half-survive as a #zombiecollege through 2015. ESI currently has the juice (Vin Weber, Richrad Blum) to keep running for several more months if not years. The DoED has Ted Mitchell, who is a shill for the for-profit industry. And the DoED does not want to pay off all the Title IV loans, especially with Corinthian Colleges/Zenith and EDMC's brands in even worse shape.