Could we sue ED? I think they single out COCO, and does not want to admit COCO's explanation that they had some isolated incidents violating something and now has been resolved.
The 8k filing looks like laying ground for some debate at court or maybe pulled to the senate hearing....
ED has been too unreasonable.
I think the shorts finally is covering..... yet they managed to control the price down as they cover. Smart trick. But I think AMD has been transformed for $10 and beyond, sooner or later.
Lisa is good, what is the reason combining global business with other 2 departments. Is there a big success in selling AMD products into China? Any insight? thanks.
With all the problems we know about COCO, the positive is $100M debt ($28M cash) is small compared to EDMC for example. Enterprise Value is only $151M (market cap $85M). Investment banker will figure out something to restructure this ship.
Goodwill etc. are brand name of the business, processes .... why legally obligated to write down? and $386k is hell minimum. Some company has it in $500M!
What are you leading to?
It is never definite, it may not be a leak, may not be a bad quarter..... it is simply psychology .... since it is a bad situation, people kind of watching a small drop, get pulled into a bigger drop, accelerated by guess of bad news..... We really don't know.
Let's see what it is in May!
It is all factored in, all these crazy law suits can only distract the operation. I hope the PR guy can do something to mitigate the reputation.... the lawyer should fight back aggressively. Those are the past, COCO is not doing anything wrong now..... bureaucrat and wasteful.
The key however is whether COCO can make some money with reduced student body.
I am glad someone like Shah capital management has confidence and increasing their 3%-ish into 6% range now. It is risky, but it is possible to turn the ship around, it is a useful operation, benefiting students for sure. Students in these schools are the next level ones, and of course it is tougher to land a job quickly. But they will eventually.
It also gives a list of action items for the board to consider, including hiring a financial adverser to unlock the true evaluation...... while this is good news someone want to do something with COCO, I believe the management is too weak at the moment. I agree the environment is tough, that is when we need good management. Jack has to go, that is first. Other things it will follow naturally, I do not worry.
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