Thread regarding Corinthian Colleges Inc. layoffs

COCO did trade for $1.24 on October 4, 2011, a far cry from the peak adjusted close of $35.81 on April 22, 2004.

As far as the price going below $1, that's not likely going to happen for an extended period of time, greater than 30 days. Management will keep the price above $1 as long as possible. Sure it may take a reverse split to keep the price up. I can envision a 1 for 10 reverse split to put the price up closer to $10, and then we will be talking about when the adjusted price was $358.10 on April 22, 2004. It's tough to create equity out of air.

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