#1 DOE for-profit proposal will be modified(less harsh) to pass the republican controlled House.
#2 COCO insiders voted with their wallets and bought 85000 shares. (7 insiders including the Chairman bought COCO 85000 shares)
#3 Valuation is at extreme historical lows (market cap only $380). Private equity and hedge funds look for exactly this type of buyout situation. Market cap is very tiny $390M
#4 COCO was targeted by the shorts . Now with 100% of the negativity being baked into the stock price the shorts would be prudent to cover .
#5 Technical analysis. Charts strengthening. Nice bounce out of oversold condition. RSI strengthening. Up days are on good volume. Down days are on weak volume. Nice gap to fill back up to $7 area.
#6 Overall market backdrop seems to be positive due to the billions of dollars following to the economy by the Fed.
#7 COCO has the best risk-reward ratio of all the schools. Any new legislation will be minor and the COCO management will react accordingly to maintain and increase shareholder value.
#8 Ridiculously low PE, low PEG and high quarterly revenue growth and high profit growth.
#9 Hedge funds accumulated the shares during the recent crashes and they will stage a huge rally soon.
#10 COCO crashed 80% in last 6 months and 30% in last month. COCO is extremely oversold and due to significant rebound
I agree. The MM's should be taking notice of all the positives and should start pushing COCO higher!
They've just about run out of sellers.
Look at the bid numbers! COCO is heading higher from here!
Soros and Viking increased COCO ownership in Q3 . Viking bought 3.1M more shares. Soros bought 180000 shares more. the info on Soros is from Gurustocks