Treatment Abuse, Behavior Modification, Thought Reform > Aspen Education Group
CRC's 10Q, Sept 2010 (They're about to give up on Aspen)
Whooter:
All businesses are for sale if you come up with the right price. Its seems we all agree that Aspen being shopped around is a good thing. Every time a new group of investors takes over they pump in a new supply of cash and make improvements.
Its a win-win for everyone.
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Pile of Dead Kids:
C'mon Whooter, your spin machine's obviously getting rusty. Nothing about "it's the economy"? Or "They're trimming down"?
There's not going to be any new investors, not for the Aspen mess as a whole. The only real risk is that someone will see the land, buildings, and furnishings, and the prime locations in child abuse-friendly territory, and decide what a wonderful idea it would be to open a new program on the ashes of the old.
Whooter:
--- Quote from: "Pile of Dead Kids" ---C'mon Whooter, your spin machine's obviously getting rusty. Nothing about "it's the economy"? Or "They're trimming down"?
There's not going to be any new investors, not for the Aspen mess as a whole. The only real risk is that someone will see the land, buildings, and furnishings, and the prime locations in child abuse-friendly territory, and decide what a wonderful idea it would be to open a new program on the ashes of the old.
--- End quote ---
They are not going to dump the whole Aspen Ed at once unless someone comes along and buys it. They may close the less profitable ones and trim it back. But it is unlikely that someone will buy all these programs just to close them down and open up new ones. It would be a huge loss of revenue for no reason.
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Troll Control:
I don't think anyone is going to buy a cratering business with tens of millions in debt and no profitable projections for the future. Aspen gets continuously sued and pays out giant settlements regularly and that's in addition to the fact the business doesn't actually make any money in the first place. It will probably just get shut down and the properties will be sold.
Whooter:
--- Quote from: "Troll Control" ---I don't think anyone is going to buy a cratering business with tens of millions in debt and no profitable projections for the future. Aspen gets continuously sued and pays out giant settlements regularly and that's in addition to the fact the business doesn't actually make any money in the first place. It will probably just get shut down and the properties will be sold.
--- End quote ---
Most of the real estate are in rural areas that cannot support most business so they wouldnt get much for the property itself. My thoughts are they will keep Aspen Education as an entire entity and if they need to increase profits they will cut lose some of the less profitable programs and try to sell them to investors interested in starting a new program like these people needed:
Link
This would make the most sense from a financial standpoint.
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