Just listened in on the earnings call and man, Andrew Clark is such a BSer. Enrollments have been steady dropping for quite some time and I feel like every call he says he expects growth the next quarter. But then it's down again. When are these investors going to pull out of this dumpster fire?
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"Total student enrollment at the Company's combined academic institutions was 41,523 students at March 31, 2018, compared with total student enrollment of 46,383 at March 31, 2017."
https://seekingalpha.com/pr/17148399-bridgepoint-education-reports-first-quarter-2018-results
As the captain of a sinking ship, his job is to reassure the people on board & those who own part of that boat. As you outlined, investors are starting to see the repetitive pattern of optimism followed by missed earnings & reality. So those long term outlook investors have been pulling out. And those short term investors are probably pulling out right now after-hours. When expert consensus is at $0.13 EPS and posted EPS is at $0.01, there's a serious issue for shareholder value. I expect the stock to keep slipping tomorrow AM.
Cheers.