Anchor ads are not supported on this page.

4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs

Bridgepoint Announces Painting Project, Improved Profits

Bridgepoint Education, the local and controversial operator of for-profit colleges that has drawn fire for its high-pressure enrollment tactics, having a marketing budget that exceeds its education budget, and basing enrollment on a prospective student’s maximum federal loan qualifications, had two announcements for the press this morning.

First, the company over the weekend gathered a handful of employee volunteers and, using materials donated by Bridgepoint, painted the exterior of John Marshall Elementary School in the southeastern San Diego neighborhood of Chollas Creek. The buildings on campus had not been painted in at least 20 years.

The United We Paint Coalition, a charity group which specializes in such endeavors, estimates that the job done would have cost about $90,000 if completed by professional painting contractors. The value of the materials donated by Bridgepoint was not disclosed, but the company says its employees and their families spent a collective 2,340 work hours on the project.

Bridgepoint also announced the third-quarter earnings from its education operations today.

Numbers across the board are looking good to Bridgepoint stockholders – over 90,000 students are enrolled, up more than 13,000 over a year ago. Revenue was up over $50 million, and net income was at $43.8 million, up from $36.1 million in the third quarter of 2010. The company now sits on a pile of cash and liquid assets exceeding $344 million.

The company’s stock was up 6% to $22.99 in regular trading after the announcements, and after-hours activity indicated it was another 33 cents higher as of 3:30 p.m. this afternoon.

Here's something you might be interested in.
Submit a free classified
or view all

Previous article

Domestic disturbance at the home of Mayor Gloria and partner

Home Sweet Homeless?

Bridgepoint Education, the local and controversial operator of for-profit colleges that has drawn fire for its high-pressure enrollment tactics, having a marketing budget that exceeds its education budget, and basing enrollment on a prospective student’s maximum federal loan qualifications, had two announcements for the press this morning.

First, the company over the weekend gathered a handful of employee volunteers and, using materials donated by Bridgepoint, painted the exterior of John Marshall Elementary School in the southeastern San Diego neighborhood of Chollas Creek. The buildings on campus had not been painted in at least 20 years.

The United We Paint Coalition, a charity group which specializes in such endeavors, estimates that the job done would have cost about $90,000 if completed by professional painting contractors. The value of the materials donated by Bridgepoint was not disclosed, but the company says its employees and their families spent a collective 2,340 work hours on the project.

Bridgepoint also announced the third-quarter earnings from its education operations today.

Numbers across the board are looking good to Bridgepoint stockholders – over 90,000 students are enrolled, up more than 13,000 over a year ago. Revenue was up over $50 million, and net income was at $43.8 million, up from $36.1 million in the third quarter of 2010. The company now sits on a pile of cash and liquid assets exceeding $344 million.

The company’s stock was up 6% to $22.99 in regular trading after the announcements, and after-hours activity indicated it was another 33 cents higher as of 3:30 p.m. this afternoon.

Sponsored
Here's something you might be interested in.
Submit a free classified
or view all
Previous article

Senate Committee Lashes Bridgepoint Education

Next Article

Bridgepoint stock soars

DeVos loosening of rules may be factor
Ask a Hipster — Advice you didn't know you needed Big Screen — Movie commentary Blurt — Music's inside track Booze News — San Diego spirits Classical Music — Immortal beauty Classifieds — Free and easy Cover Stories — Front-page features Drinks All Around — Bartenders' drink recipes Excerpts — Literary and spiritual excerpts Feast! — Food & drink reviews Feature Stories — Local news & stories Fishing Report — What’s getting hooked from ship and shore From the Archives — Spotlight on the past Golden Dreams — Talk of the town The Gonzo Report — Making the musical scene, or at least reporting from it Letters — Our inbox Movies@Home — Local movie buffs share favorites Movie Reviews — Our critics' picks and pans Musician Interviews — Up close with local artists Neighborhood News from Stringers — Hyperlocal news News Ticker — News & politics Obermeyer — San Diego politics illustrated Outdoors — Weekly changes in flora and fauna Overheard in San Diego — Eavesdropping illustrated Poetry — The old and the new Reader Travel — Travel section built by travelers Reading — The hunt for intellectuals Roam-O-Rama — SoCal's best hiking/biking trails San Diego Beer — Inside San Diego suds SD on the QT — Almost factual news Sheep and Goats — Places of worship Special Issues — The best of Street Style — San Diego streets have style Surf Diego — Real stories from those braving the waves Theater — On stage in San Diego this week Tin Fork — Silver spoon alternative Under the Radar — Matt Potter's undercover work Unforgettable — Long-ago San Diego Unreal Estate — San Diego's priciest pads Your Week — Daily event picks
4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs
Close

Anchor ads are not supported on this page.

This Week’s Reader This Week’s Reader