Thread regarding Corinthian Colleges Inc. layoffs

CCi is flunking out.

"A few years ago I shorted Corinthian Colleges, Inc. (NASDAQ:COCO) with the thesis that (i) for-profit colleges were saddling people with student loans without improving their job prospects after graduation, and (ii) the government would eventually remove their accreditation. The more money I lost, the more I shorted the stock. I may have been three years too early. That said, the company is set to announce its quarterly earnings on Aug. 25 and the stock - $0.18 per share - is priced for bankruptcy." http://seekingalpha.com/article/2448555-earnings-preview-corinthian-colleges-is-flunking-out

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Post ID: @OP+xgPIO8p

3 replies (most recent on top)

Yes. You will get laid off. Or fired when we close. If you think CCI is staying open, you are so stupid. It's closing. Even if it sells, there's zero guarantee if a job. And it'll be much lower pay than what we get now. If you aren't looking, you are a fool.

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Post ID: @zdK+xgPIO8p

Who cares. I want to know if I am getting laid off or not.

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Post ID: @kCe+xgPIO8p

shut the f*** up!

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Post ID: @uAN+xgPIO8p

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