Translation: Corinthian said it would put 85 of its U.S. REAL ESTATE PROPERTIES up for sale. Hehehehehehe.
5 replies (most recent on top)
Keep telling yourself that.
$2.2M per campus is a bunch of desks, computers, Smartboards, chairs, cabinets, leasehold improvements, and so on.
Sorry, CCI doesn't have $220,000,000 in "equipment."
Sorry, properties. Look at the balance sheet under Property, Plant, and Equipment. Those are the PHYSICAL School spaces they still own, otherwise known as the 85 schools they are looking to sell.
Sorry, CCi leases.