Any comment on BP's stock price moving from the low 40's to the low 50's over the past year, and making investors look smart for equaling the S&P returns and getting a fat dividend on top?
Funny I heard the same Enrom/JCP buy out rumor. I heard they were upping the offer to $7 per share.
You can verify for yourself and read the details at www.stopaskingstupiidquestions.com
....and JCP might hit $200. ...and BBRY might see $100. ....and ENRON might be reborn and hit $1,000.
Never say never. Dreams are for dreamers....
Good idea about Gov't involvement.
If the Government funds 90%, does placement, and oversight, the government should just take over COCO since it does not need the poor quality education nor the bad jailhouse management provided for $3M CEO salary and bribe illicit payoffs, lawsuits, consumer agency actions, etc.
The Government can clean up this mess and kick the pigs to the curb or better yet find good jail cells for them where they can sell cigarettes and other contraband at inflated prices to other inmates. They are good at this anyway.
Everyone wins. Sorry you won't. That's not our problem.
...and just in case you want to see for yourself, look up BlackRock Investment Advisor Holdings, and see where COCO places on the list of holdings. That's right, if you don't see it, you're in the right place. It is too small to even make the list. Just like when you file your taxes, you don't count pennies.
BlackRock does not count pennies. It has $4T in assets. Their accountants probably tell them to get rid of these microscopic holdings every tax period saying it costs more in accounting and reporting than the assets are worth.
Blackstone? The name is BlackRock.
To put this in perspective, The BlackRock advisor fund is just one of many many funds BlackRock owns. Within that fund, they own $458M of Priceline, making Priceline 0.15% of the portfolio. They own under $10M of COCO.
To put that in perspective, the COCO amount is about equivalent to a penny in the piggybank to a millionaire. Most of the trades they make in general and virtually 100% of the trades they make this small are computer generated algorythim trades. That means no intelligence behind the buy/sells except trivial portfolio balancing. Remember that COCO is less than 1/50 of Priceline holding which is only 0.15%. It's a penny in the piggybank of a millionaire. They don't even know they have it. They don't look at the pennies. They have a hard time tracking the $1,000 bills in their wallets. Make sense?
Thank you. Finally a light bulb in a very dark room. Brain on, brain works. How refreshing. And you actually have a good financial sense. And you don't make and sell Kool Aid. We can actually have a meaningful discussion based on something other than Kool Aid fantasies.
Can you give the others a lesson in Finance 101? I mean, are these people actually investing money with no knowledge of finance?
Can everyone please learn to read a balance sheet, income statement and cashflow statement before making absurd assertions and giving out gold stars for other people's kool aid.
Learn to read a balance sheet, income statement and cashflow statement before making such nonsense comments. There is no great cash flow, except the exodus of cash. Paying down debt has come at COCO's expense in other areas (off-balance sheet financing, short-term liabilities increasing, etc.
What nonsense! Making your own Kool Aid and drinking with gusto. Did you hear management raving about cash-flow? NO! If they had great cash flow, the pimps would be selling it. If they even had the appearance of god cash flow, the illusion of cash flow, they'd still be pimping.
Utter complete nonsense! BlackRock owns $4T in assets. Other than large strategic purchases like Apple or Exxon, most of the funds by/sell decisions are run mostly by computer algorithms designed to balance sectors, etc. There is no way that anyone other than a couple junior people doing trivial stuff at BlackRock have any knowledge of COCO. COCO is the size of a ant in a stadium to BlackRock. They don't care. Only you see that ant and try to create a story that that ant is going to appear on National television and become a celebrity, just for being in the stadium. How ridiculous!
I find no such Ichan information. If you have information please post a quote and/or link and site the source.
BlackRock is a well regarded good actor in a high trust industry, Finance.
In the past two days, as usual and normal, two scathing articles including one in the LA times came out, virtually calling COCO criminal, unethical, dishonest, and a scam artist. Replace COCO in each case with the word BlackRock. Do you think Blackrock, in order to make at most a fraction of 1/8% more on a single fund (BlackRock has 4T in assets!) among many many funds, is going to be OK with its name and brand being tarnished and subject to endless congressional, public, and Government agency prosecution and slander.
As smart as BlackRock is, they are just not that dumb. The idea that Blackrock would buy out COCO is just the dumbest most insane thing I've ever heard! Ever!
FACTS: Black Rock portfolio value: $296B. COCO value $113M. Black Rock owns less than $10M of COCO shares. 4/1000 of 1% of Black Rock's portfolio is invested in COCO. If Black Rock bought all of COCO with all its infinite liabilities, and COCO went up 3 times in value, it would not even add 1/8% to Black Rock's annual returns.
Who cares? Black Rock does not care. When a dust particle lands on a horse, does a horse feel it? Only in dreamland do these fantasies come true. Play the lottery. Better odds.
Wrong. Already, COCO's new programs are not being approved by the DOE. Already, many States are disallowing marketing practices and enforcing tough disclosure standards. There are legislative proposals to make FPE companies to guarantee loans to students. COCO is talking about self funding $4-8M in loans that its 3rd party arm will no longer fund. All in all, $46M dropped to $32M in 6 months, and it won't take but a few of these minor issues (I'm not even talking about the majors like accreditation or funding) to push COCO into bankruptcy.
Just the negative PR of a few more years of litigation will kill COCO. You can only make the front pages of the major newspapers for so long before nobody is going to go $50K in debt to be next on that page.
You said it well "tiny turd." "...won't survive."
The death spiral is obvious. 1. COCO was the worst actor in a bad industry. 2. COCO bought Heald at the peak of the market, draining all potential reserves and financial flexibility in the process. 3) When the mild form of regulatory oversight started several years ago, COCO was dismissive and abusive to the regulators, preferring to put band aid solutions on serious problems at every step.
Eventually, the regulators had their day, and the serious States AG and consumer protection agencies all jumped in the frey to squash COCO's business practices which ended the enrollment party, and the rest is the $20 to $1 death spiral which ensued and which still has a dollar left before the end, Like Enron, the liabilities owed will be so much greater than the $32M in cash and other assets, the company is already technically bankrupt. It is only a question of time before the litigants get awards the company can't pay. Game over. No chance of a rebound. A lot like JCP and Blackberry, they exist today, but the future gravesite is already dug.
I'll repeat my prior post here on the topic of CECO and peers relative to COCO.
There is a huge difference in these stocks. For example, CECO has $600M in cash. COCO has $37M by last count. CECO can weather 15 times more litigation/settlements than COCO.
Unfortunately, the company with the least cash, COCO, faces the most litigation. COCO has no ability to negotiate settlements with any of the close to 50 states AG and all the other entities which have filed suit. So its only option is to litigate over and over and over for years hoping that its small cash balance will be enough to pay the legal bills.
If that were not enough, COCO is the sole FPE company that has been borderline having to post a $100M+ financial bond. As its cash and stock price deteriorates, this is likely to trigger the bond posting which will collapse the company.
COCO has more hurt and less resources than any other public FPE company. That's why we can single out COCO as the ultimate loser Less
Enterpriser. Yes. You got it. Per Massimo, "enrollments are flat except for a temporary problem with our new system." Does he not read the front page of the newspapers? Ever watch 60 minutes or Frontline? Enrollments are down for far more obvious reasons!
If Apple saw the Iphone decline 15% in sales, do you think Tim Cook would be so dumb to say that demand is flat except for our new accounts receivable system?
Massimo sold you the nasty Kool Aid. Now you're so addicted, you're creating your own. Private Equity? Are you kidding? Private equity is not in the litigation business. They are not going to risk their billion dollar portfolios over a penny stock business caught in decades of litigation and turmoil.