Gabelli Maintains Hold on Corinthian Colleges

Gabelli is out with its report today on Corinthian Colleges COCO, maintaining Hold. In its report, Gabelli writes, "Hold. We are reworking our numbers, but COCO appears to trade at less than 4x FY2012E EBITDA. If the company remains in compliance with new Dept of Ed regulations, its business should be sustainable." At the time of posting, shares of COCO were trading pre-market at $1.95, down 7.58% from Monday's close.