$14.23
-0.31 (-2.13%)
Corinthian Colleges, Inc. (COCO)
CAPS Rating:
A for-profit, post-secondary education company which serves the growing segment of the population seeking to acquire career-oriented education.
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This company admits students primarily who have not done well academically. Some of these students do not have the skills to be in classes so that they become bad debt risk and also bad PR for the company. Admission recruiters want to meet their goals so that they will get any warm body they can convince to enroll. The assessment test helps students to get financial aid but it has nothing to do with how well these students can do in their academic programs. The market is narrow minded in looking at only admissions because if students do not graduate they do not get jobs and they do not pay bills. This company is not geared primarily toward education but enhancing the bottom line playing a numbers game which has ethical problems. Just look at why the Department of Education has raided the Florida schools. The company harms students to try to make the bottom line look good. The numbers do not reflect the phony quality.
I agree with the top bear pitch. I worked for that company and they are soley geared to fill their wallets and prey on naive immigrants. Their corporate structure is geared to fire admissions reps if they don't make their sales quotas which would be students that start school. They are told to sell themselves instead of selling the school. This is not a good stock.