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ITT Educational Services Inc. Message Board

  • dealingwithimpotency dealingwithimpotency May 6, 2007 9:16 PM Flag

    Investors...read...ITT students have and have acted...Part 1

    Fellow students,

    This email was put together by a number of staff/faculty from ITT Technical Institute. You are being sent this email for informational purposes. This email was sent out months ago and we have decided to send another email out in order to give you, as students, time to digest the information we have presented. We have determined that there is information that you are not being made aware of by management and specifically the campus director, Alois Johnson and academic dean, Willie Vaughn. Collaborating with members of the three departments at ITT (recruitment/admissions, financial aid, and academics), we bring this information to you so that you can make an informed decision about your educational choices.

    We have added to the prior email to bring certain happenings to your attention because as students, you have a right to know. ITT is in the midst of implementing a nursing program which will further alienate the current students studying electronics, networking, and information systems. When the schools of business and criminal justice were added, new instructors and program chairs were hired, but the budget was simply spread thin. With the addition of the nursing program, the already crammed building will become more of an inconvenience. One thing that will happen for sure is the limiting of schedules and class availabilities. Students from surrounding campuses where the nursing program is in effect (both ITT and non-ITT-type schools) have expressed frustration and rage over classes needed to graduate not being offered to accommodate work/personal schedules. While we already know how admissions loves to deceive students regarding schedules, you understand fully what we are saying.

    ITT Technical Institute has lost its identity, and the addition of the nursing program dictates this. Corporate greed fueled by rich old men running the show has left the student feeling ripped off and holding the bag. �ITT� is actually a name which ITT Technical Institute is not supposed to use. ITT was one of the world�s largest corporations with its hand in everything from manufacturing, telecommunications and sporting events. The spin off of �ESI� (Educational Services Inc.) is what you have come to know as ITT Technical Institute. Legal ramblings will take the �ITT� off the �campuses� in the near future. As it sits, ITT offers degrees in no fewer than 6 disciplines�what does �ITT� stand for? The answer is stock price.

    ITT Technical Institute is a privately held corporation with the stock symbol: ESI. ITT stock has slowly, unethically, and illegally risen in price by bloated figures generated by campus directors. By measuring how many potential students come to visit a �campus�, these numbers are logged into revenue and speculation is what this practice is at best. Violating GAAP to a large degree, ITT ESI is currently under investigation and the stock is currently being divested by its largest shareholder, BLUM Capital Partners, LP. On Monday November 6, 2006, BLUM sold 3,000,000 shares of ITT-ESI and made a single day sale of $206,560,000 dollars. ITT�s second largest shareholder and CEO-Chairman, Rene� Champagne has sold nearly all of his stock when the stock peaked at a little over $70 per share. Who owns ITT and where is it going? Your guess is as good as ours.

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    • I still am impressed with the degree of accuracy in this letter.

    • This happens in publicly traded companies all the time. Does management offer stock options to any employee class?

    • Can you even believe this? I bust my a$$ working at this hellhole for $61,500 and this hump makes over $5.5 million dollars in one day? You dumba%%es really need to read what is in this letter that was sent to the students...this sort of foolery is mentioned in detail...Rene' has done this before.

      AP
      ITT Educational Chair Exercises Options
      Thursday June 21, 6:05 pm ET
      ITT Educational Services Chairman Rene R. Champagne Exercises Options for 57,500 Shares


      WASHINGTON (AP) -- The chairman of for-profit education provider ITT Educational Services Inc. exercised options for 57,500 shares of common stock under a prearranged trading plan, according to a Securities and Exchange Commission filing.
      In three Form 4s filed Wednesday with the SEC, Rene R. Champagne reported he exercised the options Tuesday for $17.06 and $17.25 apiece and then sold all 57,500 shares on the same day for $112.62 to $114.36 apiece.

      The stock sale was conducted under a prearranged 10b5-1 trading plan which allows company insiders to set up a program in advance for such transactions and proceed even if they come into possession of material nonpublic information.

      Insiders file Form 4s with the SEC to report transactions in their companies' shares. Open market purchases and sales must be reported within two business days of the transaction.

    • I hold no ill will towards ITT nor do I hate the company. I applaud all of the students who are realizing the obvious:

      1-ITT is too expensive for what you get
      2-ITT's classes transfer no where
      3-Unless you're in California, nost of their degree plans will yield slim chances of a real job
      4-ITT cares not for the student and everything is an ingenine facade
      5-ITT corporate tolerates and encourages racism, sexism and offer hollow promises to its employees

      Shareholders should do their own homework. If ANYONE were to make a conscious decision solely on what they read here, then they are either an ITT School of Business graduate or dumb as a box of rocks...that might be one in the same ;) Regardins gnats, if my statements were as minimal as you ellude to, then why have you posted over a dozen posts on this board? Most of them in response to my factual, verified statements...am I that special? Why do I deserve such attention? I feel priviliged...LOL!!! Lastly, come let may what any investigation body inquires into. I have given affidavits to the DOJ, Sallie Mae, 2 Congressmen, and given information to over 4 media sources. I am legit and am out there...where are you?

    • The downgrade is based solely on valuation, as we believe that ITT (nyse: ITT - news - people ) shares trade at an industry-leading valuation that appropriately justifies its strong outlook and growth potential," Bisbee wrote in a client note.

      Bisbee remained upbeat on ITT's positive fundamentals, such as impressive execution, strong cash flow, and several strategies to drive enrollment growth, which include new campuses and programs.

      Bisbee, who boosted his price target by $5 to $112, also said it's likely ITT will raise its 2007 profit outlook at some point this year.

    • The downgrade is based solely on valuation, as we believe that ITT (nyse: ITT - news - people ) shares trade at an industry-leading valuation that appropriately justifies its strong outlook and growth potential," Bisbee wrote in a client note.

      Bisbee remained upbeat on ITT's positive fundamentals, such as impressive execution, strong cash flow, and several strategies to drive enrollment growth, which include new campuses and programs.

      Bisbee, who boosted his price target by $5 to $112, also said it's likely ITT will raise its 2007 profit outlook at some point this year.

    • Do you think that we investors rely on your whiney commentary to prevent us from making business decisions? Get real!

    • "On Monday November 6, 2006, BLUM sold 3,000,000 shares of ITT-ESI and made a single day sale of $206,560,000 dollars".
      http://finance.yahoo.com/q/hp?s=ESI&a=10&b=1&c=2006&d=10&e=30&f=2006&g=d

      Hum It doesn't show up in the volume and the sale is not labeled as non open market. Probably crappy reporting by Yahoo.

    • Your a Bozo and any facts about anything including ITT Industry facts. Go back to UTube, make a video of yourself crying and whinning like the pussy you are or get some help on these totally mistaken facts about ESI in general or get a life absent of this sector.

      The rest of us will continue to short and the March 04 purchase at/near 35/share is an awesome margin.

      Get in your beater pinto and grab your right hand and go at it. Seems you get a rise of old reprints so you must be a for-profit competitor otherwise never heard of so much babble.....Nothings changed. 123/share.

      What a Tri-cycle mentality you are. Say hello from NY loser.

    • yea,whatever. When the news releases come out from all the investigating agencies maybe a change. Nothing you can post will turn the stock down. And yes I'm meerly a shareholder.

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