Corinthian Colleges Inc.COCO

Morningstar Rating

Stock Research and Analysis

by Todd Young

Stepping back from acquisitions and focusing on brand consolidation and internal operations has proved beneficial to Corinthian Colleges. This and economic tail winds have helped return Corinthian to solid growth and profitability. While the company Read more

Bulls Say

The global recession has lowered advertising costs, helping to cut expenses for Corinthian.

A weak employment market should keep demand for education elevated.

Increased need for health-care workers and automotive technicians should fuel Corinthian's enrollment. Read more

Bears Say

Lower job placement rates will probably increase cohort default rates, causing the company to spend assets on managing student defaults.

Job placements may become an issue as corporations cut back on hiring, deterring potential students from enrolling.

Internal lending provided to students will keep bad-debt expense elevated. Read more

Strategy

After numerous acquisitions in previous years, Corinthian stopped acquiring and began to focus on expanding internally. After fixing its internally issues, the company signed an agreement to acquire Read more

Management

Peter Waller replaced Jack Massimino as CEO in July. Massimino is staying on as executive chairman. We look favorably upon the separation of the two roles, which were recombined when Massimino took the chairman position in August 2008. Waller has been Read more

Profile

Corinthian Colleges is a for-profit education firm with operations in the United States and Canada. It has more than 93,000 students and operates 106 schools, offering everything Read more

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