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Stock Market & Financial Investment News

News Breaks
February 7, 2013
09:40 EDTEDMCEducation Management valuation called 'rock bottom' at Barrington
Barrington says shares of Education Management are trading at a "rock bottom" valuation, but admits the stock lacks a near-term catalyst. The firm keeps an Outperform rating on the stock with a $6 price target.
News For EDMC From The Last 14 Days
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December 16, 2014
08:54 EDTEDMCEducation Management says court denied motion filed by Marblegate
Education Management announced that the U.S. District Court for the Southern District of New York has denied the motion filed by Marblegate Asset Management and Magnolia Road Capital seeking to preliminarily enjoin the company from consummating its proposed debt restructuring. The court denied the injunction based on, among other things, the balance of equities and the public interest. The court also concluded on a preliminary basis that the plaintiffs are likely to succeed on the claim they have asserted under the Trust Indenture Act. The company respectfully disagrees with that aspect of the opinion and, based on the court's order, plans to move forward promptly with the restructuring.

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