Q3 earnings slides are out, and it’s another disaster. 13% revenue decline with every sector of the business down over prior year. But of course Cengage Unlimited is an unmitigated success! MH is a joke and needs to be run out of the company yesterday.
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Cengage is filled with a bunch of girls lying to each other and homos-xual men playing along...
If Unlimited is ultimately successful, it means that content is indeed viewed as a commodity and the model can and will be easily copied by Pearson and McGraw. Cengage will quickly lose whatever share they gained, and a price war will erupt since that will be the only differentiator between the 3 companies' products. Any economist (does Cengage know any??) will tell you this is the worst position for a firm to be in. Keep in mind that's the best case scenario for unlimited! If it's not successful, it means that instructors do not view content as a commodity. Either way you slice it, Unlimited is a loser.
I agree, Cengage has become nothing more than a depository for aged alcoholic pharmaceutical reps and the g-- mafia. I was invited to presidents club 8 years in a row due to consistent goal achievement but the last three years mostly it was filled with cultist sycophants and not any achievers, transforming the event into a circle jerk rather than a meaningful event. From the CEO's to the DM's all need to be eradicated. The fat will be trimmed and the aged wino pharmacy reps and shrill drunken DM's will be selling furniture no doubt...
Lol, who hurt you
when does the streamlining begin?
“Streamlining”
did MH announce layoffs on the call friday?
The company lost $43 million and MH is declaring CU a success. The emperor has no clothes
About what I expected. I left this cult last year, it was so obvious CU was another loser, a flop and impossible to generate any revenue with this lame market cannibalization scheme. How can the investors allow this to continue?