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Corinthian Colleges Inc. Message Board

sol_rosenberg212 5 posts  |  Last Activity: Mar 18, 2015 12:26 PM Member since: Jun 19, 2006
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  • 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.

COCO
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