Nelnet, via a leaked email, is planning to lay off 150 employees - mostly call center workers.

While this only represents ~3% of the total workforce it is somewhat troubling when this bit of news also comes out...

While I find it unlikely that this will actually take place it could very well be to the detriment of $NNI as a whole.

Although NelNet does seem to think the probability of it happening is pretty high and the effect on cash flows would be extremely detrimental. The reduction from $1.8b to $1.2b is about 33%.

The stock seems to be handling the news pretty well with the company up 2% on the week. Very interesting.