What do you think of Verizon entering the market? Will it have a minor or big impact?
Q4 data is good. I think people worry about Verizon at the end of the year. However it is not a simple answer that they can get into the market successfully by default. It will take times, and it may not be profitable for Verizon, and they may buy out ALSK one day, or exit the market.
At this level, debt load reduction is a good plan, it can make it profitable..... I start to buy more now from my original 'hold' position.
Educator is too timid to deal with the sharks. Tony is there only 2 months yet, give it some times.
Was he fired from EDMC? Just curious, how lawyer goes from one place to the other, skimming off $$$
So I checked out this lawyer guy from linkedin. So it said he is now with COCO for 2 months now, and Yahoo shows he got 28k shares for the job.
Linkedin show that he was
Member of Advisory Committee on Student Financial Assistance
2009 – 2012 (3 years)Washington, DC
Appointed by the Speaker of the United States House of Representatives in 2009 to serve a term that expired in September 2012.
Also checked him out on EDMC's website, the website still show him as SVP.
Anthony J. Guida Jr.
Senior Vice President – External Affairs
Anthony J. Guida Jr. has served as Senior Vice President — External Affairs since July 2011 after serving as Senior Vice President — Regulatory Affairs and Strategic Development beginning in March 2005. In his current role, Mr. Guida oversees our regulatory affairs and compliance, government and public affairs, and strategic development efforts. He was appointed Senior Vice President — Strategic Development in March 2003 after joining us in January 2002 as Vice President — Strategic Development. Mr. Guida served as the Chief Financial Officer and General Counsel of Pennsylvania Culinary Institute from September 1999 through December 2001 and was an attorney with Buchanan Ingersoll, a law firm based in Pittsburgh, PA, from September 1986 through September 1999, being elected as a shareholder in 1994. Mr. Guida was appointed to the Advisory Committee on Student Financial Assistance by the Speaker of the United States House of Representatives in 2009 to serve a term that expires in September 2012. He is lead author on an article entitled Higher Education’s Gainful Employment and 90/10 Rules: Unintended “Scarlet Letters” for Minority, Low-Income, and Other At-Risk Students, published as part of a University of Chicago Law Review Symposium: Understanding Education in the United States, 79 U. Chi. L. Rev. 131 (2012).
The new public relationship guy Anthony Guida they hired, maybe it will help defuse the socialistic tension form the Government (many foolish department, they seems to do right for the public, but does not seem to offer any better solution just be killing the PF schools!!?)
See Anthony Guida, External Affair guy, what the hell he can do is beyond me, but he is a LAWYER! Maybe that will help speak the language of sin http://finance.yahoo.com/news/corinthian-colleges-taps-anthony-guida-124500032.html
All COCO investors should go listen to CECO CC. and then listen to COCO's ..... then you know why Jack said it will be improving coming quarter. Jack might be a bit shy because he missed many times now he is more conservative.
Funny thing is, CECO's Scott has the tone as bad as Jack..... Why? We need high confidence kind of guy in this sector.... and counter sue the hell out of the Government body interfering our business (of course we have to operate within the law), but disturbance is different.
I will hold on tight to see the light..... 1 year perhaps sooner.
Isn't Jack said in the conference call that it will be FLAT for next quarter, go listen again... Analyst even ask why and Jack did not say much good reason however it is flat.
I am holding .....
See, Jack is a bit negative kind of guy, I do not think he can see thru the wood. With all the troubles he is facing day to day, he will just get shares and sell it out right like a salary. He does not have a big vision to grow big and successful. I think insiders not buying for the same reason. If anyone close working with Jack, it will become Jack-2nd.... in fact Jack will hire people with conservative thinking. So all insiders are not buyers, it does not bother me too much.
After holding this stock for a long time expecting it to turn and change..... now at its lowest. If I were to sell it now, it will be like when I invested in WEN in the $5 range for 4 years and finally disappointed and sold at 10% profit..... and only regret to see it at $10 range now.
Well so read it once more at the S&P Capital IQ report, it is quite positively surprise that I have forgotten their Tangible Book value $2.14 and positively cash flowed.....
I was about to give up COCO..... maybe not. It always take longer time to turn a business. WEN & SONC were the bad lesson I did sold out too early after long wait. Value investing has to be patient somehow to have bigger gain.
8% layoff is a welcoming news that maybe management changes direction, not to keep hoping to grow Rev, but to maintain the business to be profitable, and not to lose any more cash holding. They should not worry about student count, Rev, as such...... just focus on making money at this environment where not as much prospect students can afford to spend $50k without a job! Also Jack has to leave the company, he is a bit negative after working too hard and get no result.
I will give COCO one more year....
Every school uses the gap financing... COCO does.
If they lay off 8%, no big deal.... will keep the boat afloat longer. I also see a lot of Heald College has a lot of Ad in TV lately, seem to be more so than ever, or I am more tuned into CCI due to my long position? Anyway the law suit has to be cleared, otherwise it effects the new enrollment.
$4 is my goal, $10 is God's gift, we never know .... all it takes is to clear all the law suit, lay off to get into profitable, keep it $1B revenue, and maybe close some more schools.... then why not $10, maybe even $20 .... am I allowed to dream a bit even it is an investment? Haha
I mean do not waste your anxiety, $2 will come, $4 will too after some improving operation..... I am very long on COCO, hold = not selling, not buying more, the bet has already been placed. We can not do anything but wait.
not sure why the big volume and big jump (or big recovery)
With or without valid reason, simply the evaluation is so out of line that value investing retail investor and institutions alike will risk in for a turn around. It is not much related to COCO but the FP education sector issue. When the lawyers are very tired of it, and of course COCO will incur lawyers expenses, some of these issues could last 5 more years, has been 3-4 years already, and get nowhere. Blackrock and Wells Fargo among many 4M shares range investors could be right or wrong, times will tell. What we need is someone more entrepreneur than Jack, figure a way to make it works. Other FP of smaller revenue had made money, why not COCO? We let it slide from $1.6B down to $1.2B now.... other FP are down more or as much, their evaluation is good just because of some small profit. They too are in the bad political climax.
We can not just cut expenses a little at a time, and hang on to it at break even.
Cut deep into marketing, you are not going to get more student having more salesman, I rather see $800M revenue and makes money than $1.2B does not. We need a turn around guy.
Market cap of less than $200M, Revenue $1.2B .... what is wrong? The CEO does not know how to run a business. It is fixable, is Wells Fargo listening, do anything? You owns a lot of it, do something!
I know a lot of campus are on lease, sure still sell them at $0 and get rid of the lease obligation and tax bill and electricity at least. Jack is pity, does not make big move. But that can change!
I follow SA's articles, BG's point is that if we can not get our new programs approved, we become limited to existing programs. Also if we can not be accredited, then we will be screwed. It is valid, but the chance is slim. Because private industry can sue the Government from bias-decisions......
I think COCO can be as high as CECO in valuation, i.e. about $3/share or maybe more..... look at the data, we may be low in cash, but we should be in break even as Rev drops and expense drops.....
$1.4 is way too low. When Jack said ground school students will be FLAT during the conference. That is a good news, no longer dropping.
Maybe a merger would help, there is values with COCO, just need to hold on longer.
Really they should sell asset more aggressively.... the last 4 school up for sales is nowhere, and Jack did not mention nor been questioned.
We could scale back to $800M to $1B revenue and get profitable if we reduce the fix expenses with empty campuses....
Why don't they bring a turn around guy inhouse?
TC as a company has not changed much since 6 months ago..... yet there are those targeting 50 cents, and now $7.... this is a lesson not to listen to the analysts, just evaluate in our own.
Long long long on TC
Sentiment: Strong Buy