Thread regarding Corinthian Colleges Inc. layoffs

Looks like CCi is in deep doo-doo again

Looks like CCi is in deep doo-doo again. Seems they underwrote a $140 million loan to their Canadian subsidiary. http://biz.yahoo.com/e/120522/coco8-k.html

Looks like corporate committed to a $130m loan, while the Canadian group committed to a $10m loan. Stock lost 20 cents on the news, which is quite big since they haven't broke $3 since May 7th.

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