Saturday, June 16, 2007

Corinthian Colleges, Inc. (Public, NASDAQ:COCO)

The educational company broke past resistance on a surge in volue 2 weeks ago and briefly traded above the 2006 high of 15.36. Now that the stock has backed off those highs and consolidated it looks ready for a steadier climb higher. I'm thinking the stock can make up to at least 20/share, but with 10.7 million shares short and most of them likely losing money things could get very exciting on the upside! I don't see any reson for a stop of more than about a dollar.

Corinthian Colleges, Inc. (Corinthian) is a for-profit, post-secondary education companies in the United States and Canada, with more than 64,500 students enrolled as of June 30, 2006. As of June 30, 2006, the Company operated 95 colleges in 26 states and 33 colleges in seven Canadian provinces. It offers a variety of diploma programs and associate's, bachelor's and master's degrees through five operating divisions in the United States and Canada. The divisions include the Corinthian Schools division (CSI), Titan Schools division (TSI), Florida Metropolitan University division (FMU), CDI Education division (CDI) and Pegasus division. During the fiscal year ended June 30, 2006, Corinthian opened three branch campuses.