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Corinthian Colleges AŞ Message Board

  • allstarpikker allstarpikker Sep 10, 2010 9:42 AM Flag

    top reasons to buy and hold COCO stock

    #1 reason - DOE for-profit proposal will be modified(less harsh) to pass the House and Senate (this is a given due to Republicans gaining numbers after the elections) Check recent lobbying related news by Strayer, EDMC and Apollo. The DOE planned this strategy in the first place...deliberately announce a strict proposal, then moderate to appease to the opposition. Obama politics at work.

    #2 COCO insiders voted with their wallets. (7 Directors including the Chairman bought stock)

    #3 Valuation is at extreme historical lows. Private equity and hedge funds look for exactly this type of buyout situation. The initial offer is an indication, $8 Ackman rumor is a good start. My assessment is $10 per share minimum.

    #4 COCO was targeted by the shorts (Eisman, etc.) to the highest degree amongst all for-profit stocks. Now with 100% of the negativity being baked into the stock price the shorts would be prudent to cover ASAP. A perfect environment for a short squeeze has started due to insider buying, improving fundamental news, stock buyback, potential buyout, etc.

    If you have any other reasons , please add.

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