Corinthian Colleges (partially owned by Wells Fargo)has become a zombie enterprise. It's still on the stock exchange, but it has no value. Education Management Corporation(partially owned by Goldman Sachs)is just behind in its flight path. Many more schools are following the same path, including ITT Educational Services Inc(Putnam Investments, Blum Capital)with Richard Blum as its major benefactor. This is not a cyclical event as some would lead you to believe; this is a crash of the for-profit education industry (the "4profit zombie college crash"). Even the so-called US leaders in this area, Apollo Group and Devry will face greater headwinds, and University of Phoenix is on the path to collapse if they do not radically change course.
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Wait. CCI is still worth millions of dollars.
Camden - give me a break please, cannot compare us to other for profits, we are special