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Corinthian Colleges Inc. Message Board

  • watuthink watuthink Jun 21, 2014 8:35 AM Flag

    Remember

    The founding of Corinthian came when another big player the school business went under for the same reasons COCO is having challenges. When NEC was cut off and shut down by US Dept of ED in the mid 90s five employees of NEC managed to get enough money together and buy some of the better NEC schools and create Corinthian. They soon after added the large Phillips school group and Corinthian became a major player. Company was taken public in late 90s. The new company was still run by former NEC employees- committing the same errors, looking the other way when regulations were violated. All this isn’t new- they have been operating near the edge for years … that is what they know and how they operate. Don’t panic- they have a planned ‘out’- They recently hired one of the best external affairs people away from another education company. He is too smart to leave that soft job to come to a known failing COCO for no reason. He is either going to coordinate a similar deal that was done when NEC failed or he is coordinating a deal for a COCO takeover by his former company

    Sentiment: Buy

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    • But happened to the NEC shareholders when that happened in the mid-90's? In other words, if what you say is true, then what happens to large quantity shareholders like me? Do we just go down with the ship?

      • 1 Reply to quickkeeping1
      • The ship already went down, but you were asleep, so you didn't realize it. When you wake up and realize that you are basically ruined your mind will finally match up with the reality of the situation. Your brain chemistry will change, and you will be starting over. If you are young enough you can learn from it.

        Always ask your idiot self the following question: "If Warren Buffett were my age, and he knew about COCO, what percentage of his bankroll would he invest in it?" The answer is zero you fool!

        LongtimeFollower lost roughly 3 million here. He talks a good game, but his game is weak, as he analyzes these special situations as if they were EXXON or Microsoft, using absurd things like Book Value and Cash Flow for super dynamic fluid situations where Book Value is meaningless and Cash Flow is changing by the minute and cannot be maintained in any event.

        You guys are losers. Period. Keep playing with fire by putting up real money for bad investments like this and you will look back on a wasted life. I got caught in about three bad investments before, one of which might have been the dumbest investment anyone ever made. Now, at the time, there were a few things I could point to that would lead a reasonable person to believe that a total loss wasn't coming, but I was overlooking things that would lead a reasonable person to believe that there was no future.

        I took my losses years ago and bit the bullet, waiting for the golden opportunity that I found in FOUR. Now the wind is at my back, and once in a while I try to help losers like you and LongTime. LongTime is too set in his ways to ever be a winner. He will go down in flames when this market turns, as he uses leverage and it will be all over soon for him if he doesn't pay close attention.

        Final post, losers. See ya.

 
COCO
0.1037-0.0361(-25.82%)Sep 16 4:00 PMEDT

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