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Corinthian Colleges Inc Message Board

sol_rosenberg212 185 posts  |  Last Activity: Mar 14, 2016 12:39 PM Member since: Jun 19, 2006
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  • sol_rosenberg212 sol_rosenberg212 Mar 14, 2016 12:39 PM Flag

    can you please elaborate on what you think "the deferred payment was profitable" means? Do you have any idea what you are talking about? WRES missed an interest payment and is now in default of all of its credit agreements. There was nothing "profitable" about this.

  • The press release this morning seemed very clear to me. WRES is in default of its credit agreements and expects to restructure the balance sheet. Whether or not they do it under bankruptcy protection or via an agreement with their lenders, the current shareholders are about to be wiped out. Why is the stock not down -80% today? What am I missing?

  • sol_rosenberg212 by sol_rosenberg212 Feb 17, 2016 4:03 PM Flag

    Anyone have an explanation for this stock is down -25% from the news of the new convertible offering? The company is using the proceeds for working capital and to buy back stock. We need to see what the convert price will be before knowing if it will be dilutive but the market seems to be making some ridiculous pricing assumptions.

    The most likely explanation is that this is a classic bear raid driven by the potential buyers of the convert. By smashing the stock price today they can negotiate a lower conversion price for the note. IVC and JP Morgan should not have released this plan before they got the pricing lined up. Mgmt looks like fools and JP Morgan looks like crooks. That said, this is a tremendous opportunity to invest for a rebound in IVC after the convert prices and this cram down is over.

  • Reply to

    partnership or buy out ???

    by kdave2001in May 14, 2015 6:17 PM
    sol_rosenberg212 sol_rosenberg212 May 16, 2015 12:46 PM Flag

    HNR has literally been trying to sell the VZ assets for 4 years and every attempt has failed. If HNR actually still owned the assets one of these attempts would have close. The HNR mgmt. team is so crooked that they have put out fake press releases in the past announcing fake deals to sell the VZ assets, only to do dilutive equity raises in the days following. Check out the SEC filings from Sept 2013. I promise you this is an old story that always ends in tears for the new hot/greedy money that gets involved.

  • Reply to

    partnership or buy out ???

    by kdave2001in May 14, 2015 6:17 PM
    sol_rosenberg212 sol_rosenberg212 May 15, 2015 2:59 PM Flag

    You are deluding yourself, friend. If Maduro wants to raise money, he'll just sell the HNR stake to someone else and keep the money for VZ without giving HNR anything.

    Writing a check to HNR does not help his country's finances. This nationalization happened years ago. I've seen this HNR story recycled many times....there is literally nothing new here. At some point in the next week, this stock is going to open the day -10% and then all the momentum and quant trading will disappear and it will quickly drop down to where it was a few days ago ($0.50 - $0.75 range).

    Seeking alpha published a very good explanation of this hoax in the fall of 2013. You should go back and read it.

  • Reply to

    partnership or buy out ???

    by kdave2001in May 14, 2015 6:17 PM
    sol_rosenberg212 sol_rosenberg212 May 15, 2015 1:36 PM Flag

    I love it, same story....new suckers. The assets in VZ were nationalized years ago. I was short this stock hen it was trading over $5 per share because all the geniuses on this message board were certain HNR could sell their stake. The assets were entirely nationalized under Chavez, which is why four different attempts to sell them have failed. The country of Venezuela is bankrupt (and communist) there is zero chance they are going to write a check in USD to 5 dreamers/goofballs/crooks sitting in Class B office space in Houston (i.e. HNR mgmt.)

    Feel free to trade this thing intraday but there is 100% certainty the stock is worth $0 per share in the long-run. This is an old story that is just getting recycled again with new suckers with fast money.

  • The dividend cut, shutting down capacity, cutting CAPEX....these are all tough decisions that need to be made in order to protect the equity during a rough period for the energy industry. Obviously current financial results will be bad as business has dried up but this management team has proven that they will do whatever is necessary to protect the equity. The big insider ownership and recent buying are great signs their incentives are aligned with shareholders. Clearly going thru a tough time right now but I think if you tuck this one away for a few years you're going to earn 2x return.

  • sol_rosenberg212 sol_rosenberg212 May 12, 2014 11:16 AM Flag

    Very nice Q2 earnings just released. DYSL earned EPS of $.02 vs EPS loss last yr. Expenses are down across the board. The balance sheet is now fully repaired and the company is no longer in default. I'd expect this stock be revalued higher over the next several weeks as the market prices in this good news. Seeking Alpha price target of $3 seems fair.

  • sol_rosenberg212 by sol_rosenberg212 Apr 9, 2014 6:02 PM Flag

    Tremendous report out of RT today. The new mgmt. team is clearly turning this ship around. Both revenue and EPS beat Street estimates. Same store sales were better than expected (-1.9% vs. -4% guidance). Bad weather impacted same store sales by 1.50%....assuming normal weather same store sales would have been almost flat. Same stores sales improved throughout the quarter and Q4 should be even better with guidance for Q4 was better than prior guidance.

    RT has done a good job taking expenses out of the business and closing bad locations. Operating margins should expand greatly in Q4. All talk about the debt covenants is now officially dead. RT stock is back from the dead.

  • Reply to

    Debt covenants?

    by sol_rosenberg212 Apr 3, 2014 4:50 PM
    sol_rosenberg212 sol_rosenberg212 Apr 4, 2014 9:11 AM Flag

    I did but I also modeled out the guidance for 2014 and don't see how they won't trip the covenant as it steps down. What in particular gives you confidence other than mgmt. just saying "we'll be fine"?

    I honestly want to buy this stock but this is keeping me on the fence.

  • sol_rosenberg212 by sol_rosenberg212 Apr 3, 2014 4:50 PM Flag

    On the sidelines here but thinking about buying. The reason for pause is that MRGE looks destined to trip its debt covenant in 2014. Can anyone refute this conclusion?

    I'm all ears, I just don't see how the company won't violate this covenant.

  • sol_rosenberg212 by sol_rosenberg212 Mar 11, 2014 6:37 PM Flag

    This thing is getting close to the tipping point with how much debt it has. Debt to EBITDA is almost 7x even assuming mgmt.'s crazy adjusted EBITDA figure.
    With interest rates going up across the board, hard to see how they can refi at a better rate since their credit quality is worse now

  • Reply to

    Dr. Akston nails it again

    by prince_carlton_banks Mar 11, 2014 2:23 PM
    sol_rosenberg212 sol_rosenberg212 Mar 11, 2014 2:31 PM Flag

    I love the quotes about mob mentality at the beginning of his article....so true in cult stocks like this.

    Once the shine wears off (like right now) you'll see everyone scatter.

    I have to imagine some quant funds have bought millions of shares over the past three days. Interesting to see how they unwind it now that the momentum has turned.

  • Reply to

    Ever heard "buy the rumor, sell the news"

    by sol_rosenberg212 Mar 7, 2014 11:05 AM
    sol_rosenberg212 sol_rosenberg212 Mar 7, 2014 11:23 AM Flag

    Wrong jack@ss, put in a limit at $7.30 at got filled. I'd email you a screenshot but I'm not sure the public library computer you're using can receive incoming email.

    I've got additional orders at $7.35 and every $.05 bump until $8.

  • Reply to

    Ever heard "buy the rumor, sell the news"

    by sol_rosenberg212 Mar 7, 2014 11:05 AM
    sol_rosenberg212 sol_rosenberg212 Mar 7, 2014 11:20 AM Flag

    And yes, if you think PLUG is going to announce a deal with Tesla on live TV in the middle of the trading day then you are very, very naïve

  • Reply to

    Ever heard "buy the rumor, sell the news"

    by sol_rosenberg212 Mar 7, 2014 11:05 AM
    sol_rosenberg212 sol_rosenberg212 Mar 7, 2014 11:07 AM Flag

    PS-I shorted this thing a $7.30 today. I'm going to frame the trade confirmation.

  • sol_rosenberg212 by sol_rosenberg212 Mar 7, 2014 11:05 AM Flag

    The highs are in for the day (maybe for all-time). This hype machine has no real foundation. It's actually making me sad to read these naïve comments.

    "Big announcement coming on live tv"......that's not the way the world works. Material news is transmitted to the market via SEC filings, not cable news shows. You're all going to lose a lot of money. And then you're going to look for someone to blame. How about blaming your own greed.....

  • sol_rosenberg212 by sol_rosenberg212 Feb 27, 2014 9:56 AM Flag

    An online food review of Ruby Tues went viral thanks to the Today Show Food reporter. Yahoo doesn't let me post the link but you can see it at the Today Show website.

    This is definitely good PR and free advertising for RT.

  • sol_rosenberg212 sol_rosenberg212 Jan 8, 2014 6:03 PM Flag

    Most educated post of the day. Thanks plan271

  • Reply to

    Late 10-Q

    by dibba69 Nov 19, 2013 12:35 PM
    sol_rosenberg212 sol_rosenberg212 Nov 25, 2013 4:20 PM Flag

    Dear Warren Commission,
    The PUCO report was published on Nov 13th. See the EGAS filing about their 10-Q delay which is quoted below and at the begining of this chain. I owned this stock until I read that report.

    "On November 13, 2013, the Public Utilities Commission of Ohio issued an Opinion and Order (the “Order”), related to the gas cost recovery cases involving Northeast Ohio Natural Gas Corp."

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