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Corinthian Colleges Inc. Message Board

dtejd1997 18 posts  |  Last Activity: Jul 24, 2014 12:39 AM Member since: Jan 30, 2008
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  • Reply to

    I'm Slowly Coming on Board, but

    by dawalk44 Jul 23, 2014 3:11 PM
    dtejd1997 dtejd1997 Jul 24, 2014 12:39 AM Flag

    A 21% is scary? What about my 31% dividend (as I bought at $14.75)? That is truly terrifying!!!!

    Especially considering I've already gotten 4 dividends!

    Sentiment: Strong Buy

  • Reply to

    How much debt do they have?

    by mdpetrosky Jul 10, 2014 11:18 AM
    dtejd1997 dtejd1997 Jul 10, 2014 12:48 PM Flag

    Not to be rude, but you must not have looked very hard...

    These guys don't have any debt. In fact, a huge percentage of their market cap is sitting in cash. That is why so many of us were buying at $.65/share.

    According to Yahoo!, they have about $25mm in cash, which equates to about $.48/share.

    Sentiment: Strong Buy

  • Hey all:

    I am surprised at how strong COCO has been these past few days.

    I am going to guess that it exhibiting strength on all the shorts covering their positions.

  • dtejd1997 dtejd1997 Jul 7, 2014 9:44 AM Flag


    I never thought of COCO that way. Your figures are airtight though...

    This could be the investment of the decade, a 100X return in maybe a year or so!

    Just one question though...Are you a graduate of a COCO skewl?

  • Reply to


    by investor7777 Jul 6, 2014 8:01 PM
    dtejd1997 dtejd1997 Jul 7, 2014 12:51 AM Flag


    You must be pretty bullish on this company.

    I would be VERY surprised if the shareholders wind up getting anything at all.

    They are going out of business, and it took a long time to do it...

  • Hey all:

    I would suggest the easy money days of gambling are long gone. You have to have a niche to make it long term. In MS, who can they compete with and what niche?

    The high end? Almost certainly not, Beau Rivage has that one sewn up. FLL also doesn't the capital to do that.

    What about catering to gamblers?

    Mr. Binion was reasonably successful at doing that. He gave a great gamble, a stiff drink, and a hearty meal. In Tunica, Binions is the run away market leader.

    I would suggest the recipe for success could be very simple:

    A). Have $2 craps with 100X odds
    B). Have $5 hand pitched double deck or even single deck blackjack
    C). Give out good drinks with sexy waitresses
    D). Have a great coffee shop & buffet. Hire chefs and make the food largely from scratch. Get a signature dish that you are known for.
    E). Allow higher limits & wide spreads on the tables
    F). Get a large poker room with great service, wide variety of games, BIG bad beat jackpots and a small rake. Heck, make the rake $2 (first 6 months) and watch the players come flocking in. They will bring their wives & girlfriends & buddies with them. You know some of their money will wind up in slots, BJ & craps tables...
    G). Have clean, basic, CHEAP rooms. Have the basic rooms at $39/night. This would be ESPECIALLY good in MS. Put up billboards 75 miles in either direction. PEOPLE WILL COME FOR THE ROOMS! I bet they might gamble too.
    H). Cut corporate expenses and use the savings to cater to players and build out the business. $600k salary for a money losing microcap is just silly.

    That is my recipe for success.

    Sentiment: Hold

  • Reply to


    by wrgrace88888 Apr 9, 2014 9:48 PM
    dtejd1997 dtejd1997 Jun 27, 2014 8:28 PM Flag


    now we are in murkier waters...

    FLL assets are probably worth something.

    Grand Victoria might be permanently impaired though.

    They are also apparently going to get in a lawsuit over the deposit for Fitzgeralds.

    Gambling is also on the downswing. Young people don't want to have anything to do with it...They also don't have any money after losing it all in school.

    I think FLL could go lower yet. At some point, it will be too cheap. It will attract an activist and current management will get fired. Heck, this could be in the works as we speak.

    I think FLL needs to "batten down the hatches". Focus on running their existing operations right. Build cash flow, judiciously reinvest it, and PAY DOWN THE DEBT. The time for expansion was over YEARS AGO. Focus on existing operations and debt pay down.

    Cut costs too. First place to start is the management suite!

    Sentiment: Hold

  • Hey all:

    I wonder how this stock is NOT a zero?

    The CA AG is hot on their tail....The Department of Education wants them shut down! Senators are hot on their case.

    When your only customer is STEAMED, you are through.

    I think they will be filing "super duper bankruptcy", as per the Simpsons episode...

    Sentiment: Strong Sell

  • dtejd1997 dtejd1997 Jun 20, 2014 10:31 AM Flag

    YES, you make a very good point! Money is typically paid up front as classes start.

    There is just one fly in that ointment...Well over 90% of the money COCO gets is coming directly from the government. Very, very, very few people with any money are going to COCO schools. They are borrowing it all. Thus, the federal government is really their customer.

    Also, pay little mind to the terrible outcomes their students have.

    Pay no mind to the current lawsuits, potential future law suits.

    I would also put little weight into the fact that they have not yet provided requested documents to DOE.

    The allegations of grade changing, attendance falsification, and job outcomes are but trivialities.

    In fact, this could be the buying opportunity of a lifetime! The stock is up STRONGLY today, almost 4%, as it is up a penny.

  • dtejd1997 dtejd1997 Jun 19, 2014 12:19 PM Flag

    whut whut???

    The students will be left behind, even if they do manage to graduate.

    Who runs a business that says, "What we need are some COCO graduates!"

    Their diplomas are not worth the paper they are printed on.

    The only way for students to win the game is to NOT PLAY IT. Just say NO to education!

    Sentiment: Strong Sell

  • dtejd1997 dtejd1997 Jun 19, 2014 11:15 AM Flag

    What property can COCO sell?

    Are you talking about desks & chairs & computers or are you talking about real estate?

    They only own a few parcels of real estate. Some of them are valuable, but in the scheme of things, it is not going to help them much. Simply not enough money in it. Most of their campuses are LEASED.

    They have tremendous off the book liabilities. They are going to have to pay out on the lawsuits. NO DOUBT. The question is if they have to pay out millions, tens of millions, or HUNDREDS of millions. The state AG are going to get paid, no question. The real question is if the students who received defective educations will get paid.

    The best thing that could happen to the vast majority of students at COCO skools is if they were let go. A COCO education is not worth the paper it is written on.

    I will give credit where it is due. Management kept the ball rolling here longer than most people thought...

  • Reply to


    by wrgrace88888 Apr 9, 2014 9:48 PM
    dtejd1997 dtejd1997 Jun 13, 2014 11:11 PM Flag

    I am very IMPRESSED with my analysis on this company. Would you not agree?

    The area I screwed up with is that I was not bearish enough, and FLL fell apart even quicker than I thought.

    Overall, I would rank my analysis on this an "A-"...but then I have high standards.

    Sentiment: Hold

  • Reply to

    Insider Buying

    by searchin_for_value May 30, 2014 3:01 PM
    dtejd1997 dtejd1997 Jun 7, 2014 8:37 PM Flag

    I very much doubt it is a value trap. They've been paying out decent dividends.

    Perhaps an insider knows they are liquidating the company? Increasing the dividend? Picked up a big new contract? Something I would guess. Even if it is "business as usual", shares at $2 is just too cheap to ignore.

    I wonder who me their shares recently at just under $2/share?

    Sentiment: Strong Buy

  • Reply to

    question to the board contributors

    by marinabanus2014 Jun 3, 2014 2:56 AM
    dtejd1997 dtejd1997 Jun 7, 2014 12:00 AM Flag


    Yes, I ALWAYS use limit orders.

    I am also a very small investor, so a few thousand shares is a decent amount.

    Patience is also a key here.

    Sentiment: Strong Buy

  • Reply to

    Not going to buy Fitzgeralds

    by dtejd1997 May 14, 2014 11:24 AM
    dtejd1997 dtejd1997 May 14, 2014 11:53 AM Flag

    There is no doubt that FLL faces trouble...perhaps even BIG trouble, but I think it is a bit premature to say that they are finished...

    If things improve a LITTLE, they can fight on for a while.

    The hotel in MS is certainly going to help them. Heck, they might even do well with that property if they market it properly.

    The simple problem is that the economy is WEAK, gambling is everywhere, people are burned out on gambling. I noticed this in Detroit last weekend. Casual gamblers are largely gone...

    The era of easy money in gambling is LONG GONE.

    Sentiment: Hold

  • Hey all:

    Even I was stunned & surprised by the LOSS and decline in revenue posted today. Stock is down about 15%, and that is off 52 week lows to begin with! Stunning, truly stunning.

    What is also interesting is that the Fitzgerald's deal is called off. Not going forward. I wonder if this will result in loss of deposit? Prompting yet another quarterly loss?

    As poor a decision as purchasing the Fitz was, calling it off is probably the right thing to do. Off course, it was discussed at length here on this board.

    I ask all who disagreed with my prior analysis to comment on today's results and action.


    Sentiment: Hold

  • dtejd1997 dtejd1997 May 14, 2014 4:45 AM Flag

    This scares me tremendously!

    If the "fools" at the Motley Fool are picking up on things, it is probably played out.

    I wish those guys would just go away and stop their massive spamming operations!

    Sentiment: Strong Buy

  • Reply to


    by wms70354 Apr 23, 2014 8:39 PM
    dtejd1997 dtejd1997 Apr 28, 2014 2:39 PM Flag

    I think it is likely that there WILL NOT be a hiccup in dividends or that it will be minimal at worst.
    Two reasons behind this:

    A). Day rates will be increasing nicely very soon as per contracts
    B). The company refinanced their debt at a lower rate AND they borrowed a bit more...Nowhere near enough to buy another rig. Why did they borrow a little more? Probably for the BOP & dividend.

    Still hard to believe this is only trading for $22/share.

    Sentiment: Strong Buy

0.2214-0.0086(-3.74%)Jul 25 4:00 PMEDT

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