Seriously - where do they think $500 Million is in Corinthian Colleges? The market cap is at $11.83 million and falling. They may as well just sue for $500 Trillion
Go to the COCO website under Investors, then Current Issues and Reports. The "Fact vs Fiction" pdf demonstrates that COCO is consistently standing up against deliberate media disinformation about their company and schools. Also, would someone please look at the list of schools for sale, and then the teach-out list, also posted there 9/3/14. Am I crazy or do I count 95 schools, plus 16 teach-out? Can't get a straight answer on how they've listed 95 schools for sale on the list (39, 39, and then 17), and yet the media and they keep saying that only 85 schools are for sale. I tried to get clarification from Ann Dunlap, but still no answer. Thanks in advance to the person who provides this answer.
There are 1162 Job Openings listed on the Corinthian Colleges website for positions located all over the states and Canada, many if not most of which are full time. Wouldn't the fact that these positions are still listed imply that there is reason to believe that these schools will continue to operate, just under new ownership?
Last year's annual meeting of stockholders was held on Wed, 11/13/2013. If we don't have any news before November this year, then I certainly hope that they at least hold the annual meeting of stockholders to shed some light on the progress that they have made in these recent months. I would imagine that the largest shareholders would demand some type of meeting, update.
Yes, I hope so too. I've put my emotions at bay right now, and am trying to be patient for something positive. Although I do have to say that I am concerned that we've heard nothing recently. Nothing positive nor negative. Perhaps it's a good thing? Time for the noise to settle down so that COCO management can do some serious sales negotiating without the constant bombardment? I'm hoping that the calm is a good thing. Good luck to all
Unfortunately, no earnings release in sight, at least from what I've read and heard.
No, oddly no answer yet. But I have the list that she gave me, and the numbers that I listed definitely correspond to city names on the list she gave me. I will post that list shortly
In response to blue and hoto: blue - obviously you haven't read a single post that I've written. I'm clearly a long, and have lost my entire life savings on this stock. Only reason I posted about the school sales and teach outs is because there are so many people who still think that some schools will remain in operation by COCO when all is said and done. Hoto - yes, I am a she, but I've been referred to as a he and always will be in trading circles. What is worse that I give female traders a bad name as I lost everything on one stock.
Email From COCO Debunking the Bankruptcy Disinformation Article:
No we did not. The news media gets a lot of things wrong.
Sent from my iPhone
On Aug 28, 2014, at 10:37 PM, "Diane Kelser" wrote:
Hi Ms. Dunlap,
A 7/10/14 article entitled:
"For-Profit Student Loan Debt and School Closure" by or forwarded by a "Karen Carlson" claims the following:
"For profit students with high student loan debt should review their school’s record before enrolling in another semester. This month, large for-profit Corinthian Colleges announced that it is filing for bankruptcy. Corinthian currently manages schools under the names: Everest, WyoTech and Heald,
Battling investigations from the Department of Education and others, Corinthian represents one of the worst offenders in the for-profit education category."
It goes on and on, but my question is this: did Corinthian Colleges file bankruptcy?
Please advise. I sure hope not.
If you Google the exact excerpt that Davenvestor666 posted, then you will see that it was written by a rogue blogger with no affiliation to any news agency. At least that is what I see, that an ignorant blogger wrote an article, tried to appear intelligent by assuming that school closures equated to bankruptcy.
Well, I am still waiting for Ms. Dunlap to confirm. But she gave me the complete list, I counted them, and those are the numbers that were there. I kept seeing "85" for sale everywhere too, but she clearly gave me a list of 95 for sale....
Never mind - I found it. It was written on 7/10/14. That is strange. Could be disinformation as I imagine COCO would have to announce filing of bankruptcy to shareholders.
Where did you find this article? I searched for this bankruptcy announcement everywhere and couldn't find it. Please provide link, source, thank you in advance.
Here is my recent communication with COCO. I am waiting to hear that I my understanding is correct:
Thank you Ann, for your immediate response.
So, if I understand this correctly:
16 Everest Schools are being taught out
5 Wyotech locations/schools are for sale
12 Heald locations/schools are for sale
78 Everest locations/schools are for sale
16 + 5 + 12 + 78 = 111 (or 107 not counting the 4 schools that were already targeted for teaching out)
0 Schools/locations will be left to own and operate by Corinthian Colleges according to this list.
Do I have it right?
Again - I'm awaiting her response