CCI also had reduced operating expense and streamlined processes..... if Nov 5th says we have a small loss, then it is hopeful. The 3 brands schools are quite good and well known. I am not going to sell my shares. Holding tight.
Supply and demand will balance out somewhere. COCO had already reduced tuition, and interest rate. That is why their student count drop has slowed.
I saw this Jan-2013 announcement on CCI's website.
"We are pursuing a number of initiatives to achieve more consistent growth while improving the student value proposition," Massimino said. "We have reduced tuition for several programs, and our third-party lender substantially reduced interest rates on gap financing for our students. We believe these efforts helped us achieve higher-than-expected new student enrollments at most Everest ground schools in the second quarter. In addition, we are in the process of rolling out several new diploma programs across our schools and began offering free GED preparation programs at most Everest U.S. ground campuses last October. We believe the GED program will benefit the communities we serve and has the potential to help increase our campus enrollments over time."
People need some diploma to get a job easier. Economy in the private sector is good, Government job kind of slowed. I would like to hear COCO Tuesday's conference call.