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Lincoln Educational Services Corporation Message Board

  • dougbristol dougbristol Aug 8, 2012 6:55 AM Flag

    Prudent Management and Great Carryforward

    By taking the hit in Revenue and Goodwill Impairment by closing schools that will not meet O.E. standards,shows that management is in for the long run and that LTI does have a future.The question that does beg to be asked is in its acquisition quest why would marginal schools be acquired? The industry as a whole has the tarnish of acquiring any operation that passed the very thin standards of due diligence just to push the stock with proposed growth and future P/E results. LTI is one of many proprietary schools that threw caution to the wind and grabbed very marginal operations with VERY marginal students. The irony is that these acquistions usually have a marketing base that can be easily recruited with minimal admission standards.Admissions teams at schools like these,usually swagger with the results when in reality all they have done is recruited students who have high drop rates,default on loans,have severe lack of soft skills and thus are difficult to place if they complete the Program.

    Kudos to Admissions by increasing enrollments by 18%.LTI does offfer Programs that can enable prospective grads jobs that pay well and have secure future, Nursing and Auto/ Diesel are 2 Programs that reflect the ability of non college demographics that can achieve a stable job.

    Management has given guidance that reflects that LTI will be a player in the future. Great job and strategy in a Market that is now under a Microscope from the Feds.

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    • With all that said it is still difficult to gobble up shares. I thought LINC was cheap at $14.00 then $10.00 and most recently at $6.00. Every time I gobble em' up it drops. The one thing that management said that scares me is there is a saturation in the market. Too much supply and not enough demand. Out of all the headwinds that is the scariest one of all.

 
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