Yes, they are clueless as well as informed (sometimes ill informed or being too busy to give in some thought, or decide without taking any risk).
For now all For-profit colleges are in trouble because the CLUELESS Government is dangerously pulling the strings. Government money is being defaulted when students can not find works. I can understand regulation has to be established.
I am just hoping, like BPI, COCO be more selective in admitting stronger students. Hope we can all meet the criteria set forth. Then we can continue to make money. I hope we have money in the bank to weather it until Washington figure what to do. Students do need to get educated.
We are investing in a very high risk uncertain business hoping to gain by huge percentage, and we will. We just have to park money here for a few more quarters. Things change pretty quickly when we are not expecting them.
The real questions are
1. Student counts stabilized? bottomed?
2. Rules set and not changing any more.
3. Fee and profit should be there somehow, we have to adjust expenses to make profit. That could mean reduce salary for everyone involved.
This industry is REAL and serve a good purpose in economy.
It does not make any sense to sell now, nor short. One blanket announcement will set every school flying up.