Citi Comments On Corinthian Colleges (COCO)

Citi commented on Corinthian Colleges COCO in a research report published today. In the report, Citi states, "Corinthian Colleges Inc (COCO.O; US$4.96; 2S) reported today that it received 2009 draft CDR from the Education Department. Thirteen institutions exceeded the 25%+ threshold, up from eight institutions in 2008. Though the headline sounds negative, we highlight that only five of the 13 schools exceeded 25% for two consecutive years, and one of those schools came in right at 25.0% (Everest College, Springfield, MO). We view this as a modest "glass half full" positive." Shares of Corinthian Colleges were at $5.05 in pre-market trading at the time of posting, up 1.81% from Monday's market close.