Fahmi Quadir, short seller nicknamed 'The Assassin,' takes aim at for-profit college giant Adtalem
Publishing timestamp: 2024-01-30 10:18:13
Summary
The article discusses short seller Fahmi Quadir's report on Adtalem Global Education, in which she criticizes the company as a "toxic byproduct of imperfect higher education system." Quadir argues that the company is wasting federal tax dollars on ineffective programs and faces significant financial threats. She also raises concerns about the high debt loads placed on students and the low graduation rates of some of Adtalem's institutions. The article mentions that Adtalem's stock price has risen significantly in recent months but highlights Quadir's criticisms of the company's financials and potential risks.
Sentiment: NEGATIVE
Tickers: ATGE,
Keywords: education, economy, joe biden, white house, breaking news: markets, student finances, u.s. department of education, student loans, business news, devry inc, washington, breaking news: politics, personal debt, student financial aid, politics, colleges and universities, markets,