Lincoln Educational Services Corp (NASDAQ:LINC)
CAPS Rating:
The Company is a diversified for-profit provider of career-oriented post-secondary education as measured by total enrollment and number of graduates.
The Company is a diversified for-profit provider of career-oriented post-secondary education as measured by total enrollment and number of graduates.
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It's a very simple play, for profit colleges are enrolling ever fewer students because they are not only expensive, but of dubious value. This is not something seen at just one college, but look at all the for profits. They may beat eps, but ever declining new students will mean continue decline in earnings creating a vicious cycle of ever lower p/e. Until they fundamentally prove their worth and get it out, I don't see how they are going to succeed in the long term.