Assuming they do sell it for 90 Million, how much of that money will reach the shareholders?
GFLB! I bought at 20 cents and sold at 3.20. It was not supposed to survive the feds, but another bank took it over and I made 40k. Right now I am losing close to 12k in this stock and if it goes to zero, I will lose 13200.
It does look bleak.
I have 4 in this stock, but I do have other gains that more than makes up for this. What I find upsetting is the way the management has run this company into the ground and they will get away with it. None of them will be held personally responsible for anything and they made millions.
I would throw a huge party if that happens. I am long this stock.
As I mentioned previously, I do have a long position in this company. I have been in an out of this company for years and have always been long and shockingly m timing has been good till now. I have made more money than lost in this company. I am way up in STRA and APOL, and education stocks do not even make 5% of my holdings, so it is not that bog a deal for me.
I have been voting against the current management since 2003 (that is over 10 years). I just do not know what the other shareholders see in this team.
CHICAGO (Associated Press) - U.S. Sen. #$%$ Durbin and Illinois' attorney general are calling on a for-profit education company to stop enrolling students and notify current students at its Illinois campuses that it is subject to heightened government oversight.
The U.S. Department of Education has limited Corinthian Colleges Inc.'s access to federal funds after the company failed to provide it with documents on student data.
The company has been accused of altering grades and attendance records and falsifying job placement data in advertisements.
In Illinois, Corinthian operates under the name Everest College and has six campuses in the Chicago area.
A Corinthian spokeswoman did not return a call seeking comment.
The company's stock plunged Thursday.
Durbin says it should stop enrolling students to protect them from being loaded with debt if the company fails.
Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
What does this have to do with Democrats (for your info, I am not a democrat)? Didn;t the problems of these schools start under the current administration?
I am sure you are aware that since Reagan until now, the deficit has gone up from 1 trillion to 17 trillion, but I am not sure you are aware that the deficit went from one trillion to 4 under Reagan (Mostly defense spending, hardly liberal), and under Bush Sr it increased to around 6 trillion. It was actually reduced during the last years of Clinton and then it ballooned to 11 trillion under Bush Jr. So over 10 trillion of the 17 trillion dollars actually happened with "conservatives" running the show. For your information, I am a libertarian and in my opinion the last two presidents have been the worst I have seen in my life time.
GFLB 0.18 - 3.23 (I owned this one, it was sweet)!
We (as shareholders) have had the chance to get rid of the management for years. I have voted against this management team for over a decade but it seems like nobody else is interested in doing that. I have made money in this stock several times and right now I am down 10000 dollars in this stock (which is really not much compared to the size of my portfolio).
The solution is getting rid of the management of COCO. They are at worst immoral and at best incompetent. This has been going on for years and they are still there.
I am actually long the stock. I need about 2 dollars a share to break even. I do not have a very big position but I do have one.
They do not need to cover until the litigation news becomes clear, and if any good news comes out of the California litigation, they will not be able to cover because it will gap up huge.
It does not matter that it is trading at 80 cents. The market cap is 70 million.
The problem is uncertainty and if it survives the litigation with a slap on the wrist, it will fly, but that is a huge 'if'.