Shares of Corinthian Colleges (COCO) are now off 26.4% premarket after word that the company...


Shares of Corinthian Colleges (COCO) are now off 26.4% premarket after word that the company received a subpoena from the SEC creates a wave of selling. The agency is looking into if the company is in compliance with a rule that requires for-profit colleges get no more than 90% of their revenue from federal student-aid programs.

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  • sho
    , contributor
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    no big deal for SEC to investigate any company. They do that to most of every PF companies. pre-market is at extreme low, no volume, not the average evaluation. Now only less than 1 hour, it only drops 12% ... it will recover. The business is stable for PF schools, further revenue drops will not be significant. All PF stocks turn up lately. This is risky buy, however it will be rewarded long term.
    11 Jun 2013, 10:22 AM Reply Like
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