Thread regarding Corinthian Colleges Inc. layoffs

The quarterly and annual report come out on Monday August 20. I don't expect to see any bombshells but would expect to see layoffs in corporate. If you are employed at a CCI campus then simply plan on your next paycheck as potentially being your last. I suspect that the average Everest campus student enrollment has dropped 20% over the last year. Heald College has reported 20% drops and losing Cal Grants is not helping matters. ALL of the Everest sales people tell me that it is getting harder and harder to close the sale. Most likely you will simply see more and more teach outs at Everest College particularly in areas with multiple campuses. I don't expect to see a massive drop in the stock price because I suspect that a poor quarter and annual report has already been taken into account.