Corinthian, Not Spartan.. (COCO, APOL)

Posted in General 
August 25th, 2009

Corinthian Colleges, Inc. (NASDAQ: COCO) did beat earnings and raise guidance… but this and education stocks have moved up so much from the lows as a play on the ‘adults back to school during the recession.’ It posted $0.31 EPS vs. $0.24 estimates and gave revenues up 29% to $353.5 million versus estimates of $342.9 million. It also raised guidance for 2010 fiscal year as student numbers are continuing to grow. Shares are up 14% at $19.78 on over 80,000 shares as of 8:31 AM EST. $21.73 happens to be the 52-week high.

Also to watch in the group is Apollo Group, Inc. (NASDAQ: APOL) up 2.5%…

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