Corinthian Colleges, Inc. (NASDAQ:COCO)

Thyelysium (61.37) Submitted: 8/17/2010 6:21:52 PM : Start Price: $5.02 COCO Score: -64.42

COCO which hit a 10 year low yesterday at $4.88 closed at $5.00 today. It hit a high of $19.31 on April 19th of this year and ever since has been heading lower. The current month shares short is at 23.4 million compared to 24.6 the prior month. It has also beat 5 out of the last 7 quarterly earnings, and with earnings coming out this Friday the 20th I can only predict it beating the earnings once again. Now with a YTD price performance of -62.1%, I can logically only say that the stock has been really oversold with so many shorts, and a lack of buying. If Friday turns out to be good day, the buyers will be back and for sure there will be a short squeeze which could take the stock back up to around $6.50 plus. All in all if someone takes a long term view of 6 months or more there is only upside from here on. With a $1.54 EPS and a 3.2X P/E ratio I think right now is a great value buy. The ongoing drama of the govt. loan will in time fizzle out, and those who miss this opportunity to buy will have no one but themselves to blame. I will end this topic with the famous quote by Warren Buffett Be fearful when others are greedy. Be greedy when others are fearful.