It does not take rocket science to realize that anytime the industry's gorilla, Apollo, loses 66% of market value over the past year while the S&P races to a 13% gain, forget about it. The minor players have exactly zero chance when the gorilla is spiraling down like a plane without wings.
You guys can fantasize all you want about little blips, charts, PE ratios, P/B value, etc.
The sector has been abandoned. There is no real catalyst for growth as more kids are foregoing college meaning the pool of college kids have a better chance of getting into the traditional colleges and paying a lot less for a lot more than you ever get from Everest or COCO. $15,000 to become a massage therapist?
COCO analysts [B OF A M L, BAIRD R W, BARCLAYS CAPITA, BMO CAPITAL MKT, CO FORECST, DEUTSCHE BK SEC, GABELLI & COMPA, PIPER JAFFRAY, SIDOTI, STIFEL NICOLAUS, & WELLS FARGO SEC] estimate:
COCO Sales Growth (year/est): Year Jun 13=2.30%; Year Jun 14=2.80%
Growth Est COCO Industry Sector S&P 500
This Year 26.90% 2.30% 31.60% 7.10%
Next Year 42.40% 20.50% -15.50% 12.80%
Past 5 Years (per annum) -2.40% N/A N/A N/A
Next 5 Years (per annum) 15.90% 14.40% 14.17% 9.10%
Price/Earnings (avg. for comparison categories) 8.06 17.67 -1.82 12.03
PEG Ratio (avg. for comparison categories) 0.51 2.11 0.44 1.42
davenport_mba, Forward P/E = $2.66/$0.47 = 5.7, is based on an average Analyst COCO
Earnings Estimate of $0.47/share ... even if the Lowest Estimate of $0.32/share is used, P/E = 8.3, a major turnaround from Trailing P/E (ttm): 242.27 ... time to turnaround from short to long.
Corinthian Colleges Inc. (COCO)
2.66 Jan 8, 4:00PM EST
Earnings Est Current Qtr.
Dec 12 Next Qtr.
Mar 13 Current Year
Jun 13 Next Year
Avg. Estimate 0.07 0.13 0.33 0.47
No. of Analysts 8.00 8.00 10.00 10.00
Low Estimate 0.06 0.10 0.27 0.32
High Estimate 0.07 0.15 0.40 0.69
Year Ago EPS 0.04 0.15 0.26 0.33