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Corinthian Colleges Inc. Message Board

  • staccani staccani Jun 20, 2014 9:09 AM Flag

    Worst case: Even if they go bankrupt tomorrow they still have $1.2 per share in Net tangible assets

    This is not going to happen. But should it happen it would mean that, they sell everything, they pay their dues and shareholders are still left with $1.2 per share in cash.
    And this without even counting intangibles. In that case we would be talking of $6 pps book value.
    People get a clue, really! Current price of $0.3 PPS is ridicolous and result of usual market overreaction, expect a substantial bounce, if not today in the next few days, when the dust settles.

    Sentiment: Strong Buy

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0.2118+0.0018(+0.86%)Jul 29 3:59 PMEDT

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