Thread regarding Corinthian Colleges Inc. layoffs

Personally I think the future results for the for profit schools are even worse than what most of the investors believe. Your problem is that the current pricing probably reflects a close to worse case scenario. I suspect everybody has priced in a 20%+ revenue drop due to rapidly declining student enrollment. You have to look at the assets these companies actually have. The schools might own their campuses, have money in the bank. Also, you can still make a profit even with a 20%+ enrollment drop by simply laying off employees. CCI's annual report comes out before the market open on next Monday. Read the report and listen to the investor call.