13D filed ... position taken 26 April ... hmmm, makes you think the Panetta appointment had something to do with it ... another postive sign from inside the beltway that the assault on for-profit colleges has stopped ... so, in review, within the past two months GS, Wells Fargo, and the Washington Post have all added millions of shares individually ... and, Leon Panetta has joined the Board of Directors ... so, keep focusing on potential cash flow issues in the fourth quarter despite COCO having a letter of credit which would cover any short-term cash flow issues ... btw, during last year's fourth quarter the $40 shortfall in cashflow was due to one-time events including a fire in the processing center (read the transcript)
Upon further research, it seems that the Washington Post (WPO) has never directly invested into any publicly held company before ... they have always invested through asset management firms such as Southeastern Asset Management ... so, why now? Why COCO? Any ideas anyone? Why would a company buy 6.6% of a For-Profit Education company as its first investment directly into a single publicly held company? Not KO, MCD, or IBM ... they bought COCO ... I'm telling you between the Panetta appointment and the WPO purchase, there is something going on here for a $1.94 stock
Now the Kool Aid drinkers are making their own Kool Aid and drinking it!
Let's disregard that for every buyer, there is an equal seller, likely in the case of Wells, GS, and WP buying, an insider or a insider friend, relative, or related was tipped off to upcoming earnings miss and sold to make room for the new sucker to enter.
New suckers are born every day, and they keep making the same stupid mistakes as the old suckers all the while invoking whatever story supports their stupidity.
Aren't you the same guy who said mark my words $2.50 by this week. We really need to listen more to you. Obviously doing exactly the opposite of what you suggest is a winning formula.