Last readers heard, I was quite bullish on Corinthian Colleges (COCO). I wrote on the company twice consecutively in mid-August and invested a significant amount of money in accordance with my bullish thesis then. Since then the stock:
- Shot up on news that the company's 2012 ED composite score had passed and the company wouldn't be required to post a letter of credit or be subject to provisional monitoring.
- Tanked on worse-than-expected Q4 2013 earnings numbers after which it continued to drift lower for about a month and a half.
- Rallied up again amidst an industry move up after for-profit education finally got some attention from institutional investors and some peers reported solid numbers.
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