currently control the stock.....but, most importantly, not the company. There can be little doubt that Corinthian operates in a very similar manner to all their competitors and peers......yet COCO trades at stupid low EV/EBITDA, PS, and PB, much lower than competitors and peers. Take advantage, continue to add shares, I know I will add some. I love this sort of situation.
The neat thing is that this is a just about optimum in terms of the time to buy. News could not be worse for COCO, yet Corinthian has improving numbers all around in the very very near future. Read the last earnings pr and listen to the cc, the numbers are improving.
All it will take is a glimmer of good news and COCO sees $2, then after the current quarter, likely $2.50 or $3, then when the shorts start to exit, $5, $6, $7 and that will only be the start.
It seems that you and all your buddies are taking long position here which seems to be so counter intuitive to me. I am a college professor in NYC. We at the school believe the enrolment will be down for awhile as the economy and job market pick up. Also I would feel more comfortable on DeVry.
But heck, what do I know about business... Maybe you and LTF see some crack that I don't see. I will take a good look on COCO, and probably will buy in.