Thread regarding Corinthian Colleges Inc. layoffs

Revenues

"Net revenue was $349.8 million versus $395.9 million, a decrease of 11.7%."

So revenues are down $46 million for the quarter, yet upper management has implemented "cost saving measures" of roughly $31 million per quarter. And so many claims that enrollments are still going down, plus attrition has been higher than normal, or so the claims suggest. How long can this continue?

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| 391 views | | 3 replies (last May 10, 2014) | Reply
Post ID: @OP+vwcPK5v

3 replies (most recent on top)

Nobody is

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Post ID: @1ltb+vwcPK5v

Given the current cash burn of about $2 million per month, I give them about 6 months before there is too little working capital. Who is going to give them more cash?

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Post ID: @Nu4+vwcPK5v

Half an hour?

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Post ID: @hKu+vwcPK5v

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