Safkhet Capital

“My impression is that she’s definitely intelligent, but also… overzealous and argumentative. I find her a difficult person to be around.” DMs open.

[Safkhet Capital @SafkhetCapital]

Read our $ATGE report and more at: https://t.co/QEQUHGdzIJ (14/14)

[Oren Cass @oren_cass]

1/ One way the conservative establishment lost touch with American reality in the past generation is taking "free markets" to mean free trade with China and laissez-faire acceptance of corporate malfeasance.

This is not what Americans mean by "free markets"! 🧵

[Rebecca Ballhaus @rebeccaballhaus]

Elon Musk has been in regular contact with Putin since late 2022.

At one point, Putin asked him to avoid activating his Starlink satellite internet service over Taiwan as a favor to Chinese leader Xi Jinping. Big @WSJ scoop: https://t.co/NUgcDtkzkR

[Safkhet Capital @SafkhetCapital]

Now may be a good time to revisit our earlier analysis as we remain steadfast in working towards change: https://t.co/p1Q6VJZ149 (7/7)

[Safkhet Capital @SafkhetCapital]

Is it worth assuming hundreds of thousands of debt for a degree where your future employers or future patients may deem you unfit or dangerous? (4/7)

[Safkhet Capital @SafkhetCapital]

It is difficult for us to map $ATGE growth or even sustained fundamentals in an environment where these questions are being asked with far greater frequency. We believe news like this only furthers the case for an $ATGE Walden impairment. (6/7)

[Safkhet Capital @SafkhetCapital]

We remind investors, that for-profit university performance is acutely sensitive to perception, investigations, and critical exposes just like today’s. How will prospective $ATGE students evaluate @business reporting? (3/7)

[Safkhet Capital @SafkhetCapital]

Per ATGE’s own words, “the higher a nursing school’s NCLEX pass rate, the better.” Chamberlain’s pass rates decreased dramatically compared to the national average in 2022 and 2023. (2/7)

[Safkhet Capital @SafkhetCapital]

Excellent investigation by @business into the degree factory run by $ATGE and how poor educational standards do not lead to a “super safe environment out there in the real world.” $ATGE Walden’s acceptance rate is 100% and Chamberlain’s is 93%.  

https://t.co/zSJd4C9kF2 (1/7)

[Safkhet Capital @SafkhetCapital]

Reiterating our statements at Sohn and in our reports, we will remain a thorn in $ATGE's side until meaningful changes are made to improve student outcomes and better protect taxpayer funds. This is an important issue that impacts all of us. (5/5)

[Safkhet Capital @SafkhetCapital]

While we first spoke about $ATGE this past January and again in March, the Department of Education notified $ATGE that they received over 14,500 borrower defense claims for Walden, Chamberlain, RUSM, and RUSVM.

https://t.co/CReEFu1Vja (1/5)


[Safkhet Capital @SafkhetCapital]

We believe it’s likely that $ATGE will not only be responsible for the $350MM DeVry indemnification, but also existing/future claims for which it hasn’t booked any contingent liability. Claims are accumulating and so is the likelihood for potential government recoupment. (4/5)

[Safkhet Capital @SafkhetCapital]

Read our Walden University deep dive here:

https://t.co/nPuGTEk0Nj (10/10)

[Safkhet Capital @SafkhetCapital]

Since our January 30th report on $ATGE, we have heard from many students, educators, shareholders, and concerned citizens. (1/10)

[Safkhet Capital @SafkhetCapital]

It seems $ATGE executives’ only loyalty may be to the taxpayer-subsidized incentives they award themselves. As cost restructuring continues, we see the potential for further dramatic declines in enrollments and outcomes both at Walden and across other $ATGE schools. (9/10)