For some reason, Blackrock is showing increased confidence in ATGE. Does this mean that cost cutting is ahead sooner than expected?
https://ledgergazette.com/2017/10/07/blackrock-inc-buys-new-stake-in-adtalem-global-education-inc-atge.html
3 replies (most recent on top)
@PHoTZQe-idx, BlackRock has $5T in investments so ATGE is a small drop in the bucket. BlackRock also owns millions of shares in several other for-profit educators. And even that's a drop in the bucket. But I imagine that they don't like to lose a dime. News of the added shares is actually very old news for insiders. They could be defunding as we speak.
What are the new investigations? and also are enrollment numbers fudged?
Blockrock has too much invested and desperately need Adtalem to avoid going under. Remember this post in 5 months. Stockholders / investors be prepared to loose a massive amount of money. New investigations, two Caribbean medical schools destroyed, decreased enrollment, poor consumer relations, and inflated numbers. Do not say I did not warn you.