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Corinthian Colleges Inc Message Board

  • davenport_mba davenport_mba Jan 31, 2013 10:50 AM Flag


    COCO is facing the threat of losing massive financial aid because of its weak financials.

    The issue is centered around the value of goodwill, intangible asset, and impairment charges.

    On the balance sheet, COCO shows over $300M in intangible assets and goodwill. That means that COCO asserts its acquisitions are worth $100M more than COCO itself is worth.

    Let's say your real estate agent does a market analysis and suggests that your home is worth $1M. Now you go apply for a bank loan and claim that your home's patio is worth $2M. Do you think you would get a laugh?

    The regulators must be shaking their heads thinking these guys in addition to being crooks are idiots!

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