Treatment Abuse, Behavior Modification, Thought Reform > Aspen Education Group
CRC's 10Q, March 2010 (They're FUCKED!)
Whooter:
--- Quote from: "Pile of Dead Kids" ---Also, don't try to blame the economy. CRC claims it's the economy because they can't afford to let the truth slip out: that residential treatment is a dying business even when other parts of its business are making money.
--- Quote from: "Aspen's yearly numbers" ---Recovery division revenue growth is primarily attributable to increases of $6.9 million and $0.2 million in comprehensive treatment centers (“CTCs”) and outpatient facilities, respectively offset by revenue decreases in residential treatment centers of $4.6 million. Of the $27.0 million decrease in healthy living division revenue, $14.8 million is primarily attributable to residential schools, $10.1 million in outdoor programs, and $1.9 million in weight management.
--- End quote ---
Large CTC growth mixed with massive RTC loss (both adult and teenager) doesn't match up with it being the economy.
--- End quote ---
None of us can ignore the economy. I cant see how more parents can afford to send their kids to residential treatment when many of them depend on the equity in their homes and personal loans to help supplement the out of pocket expenses. As the economy improves there will be more assets available for the families to tap into.
If there is less demand for residential treatment and Therapeutic Boarding Schools then the number of them will naturally decrease. But this is driven by the families themselves not the industry. The industry cannot dictate the number of kids who will need their treatment.
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DannyB II:
--- Quote from: "Pile of Dead Kids" ---So if the total is 4500 kids no matter how long they stayed then the per-kid per-day loss is even bigger.
Tell us how your per-bed per-day number is anything other than complete bullshit, Whooter. Cite a page number.
--- End quote ---
Ya know I was going to jump in on this but it looks like Whooter is doing a fine job again. Pile you are over your head and plagiarizing numbers from a professional assisting you.Stop acting like you know what your really talking about.
Pile of Dead Kids:
Sorry, Whooter, but no. You can't explain the CTC growth with the economy. Is it bad or is it good? CTCs aren't cheap either. Would you like to explain how all of those people suddenly came up with $7 million in extra money during a time where the economy was bad enough to force such massive losses in RTCs and other adolescent "treatment"?
--- Quote from: "Whooter" ---If there is less demand for residential treatment and Therapeutic Boarding Schools then the number of them will naturally decrease. But this is driven by the families themselves not the industry.
--- End quote ---
Exactly. And more and more families are deciding that they want no part of this. Which is why CRC's so desperate to sell, and nobody's willing to buy.
Pile of Dead Kids:
Danny, you can't read a high school textbook, let alone a corporate balance sheet.
Whooter:
--- Quote from: "Pile of Dead Kids" ---Sorry, Whooter, but no. You can't explain the CTC growth with the economy. Is it bad or is it good? CTCs aren't cheap either. Would you like to explain how all of those people suddenly came up with $7 million in extra money during a time where the economy was bad enough to force such massive losses in RTCs and other adolescent "treatment"?
--- Quote from: "Whooter" ---If there is less demand for residential treatment and Therapeutic Boarding Schools then the number of them will naturally decrease. But this is driven by the families themselves not the industry.
--- End quote ---
Exactly. And more and more families are deciding that they want no part of this. Which is why CRC's so desperate to sell, and nobody's willing to buy.
--- End quote ---
When the economy takes a down turn it doesn't mean that people don't want a part of it. It means that people cannot afford it. The economy downturn is about financial loss not loss of interest or a loss of need. People put off dental visits for their children also, but it doesnt mean they have less cavities or have a reduced need for dentists.
I just went along with the argument based on the original assumption that CRC is looking to sell off Aspen. Where does it say this? Does anyone have a link? With the economy at a potential turning point it may be a good time to buy.... buy low sell high!!
Do you have a link to this article PODKs? I am curious if they are selling the whole division or just the Weight management portion, Aspen portion or both.
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