Investors punish Corinthian Colleges for making student loans - Los Angeles Times
LAT Home
|
My LATimes
|
Print Edition
|
All Sections
More Classifieds
|
Foreclosure Sale
|
Real Estate
|
Cars.com
|
Jobs
Business
SEARCH
You are here: LAT Home > Business sudbury payday loans ontario News
Business
»Advertising
»Autos
»The Biz
»Investing
»Real Estate
»Small Business
»Technology
»Work & Careers
»Your Money
Blogs
»Money & Co.
»Technology
»LA Land
»Up to Speed
Business preapproved loans Tools
»Business A-Z
»Investor Tips
»Law Resources
»Money Library
»Money jumbo california loans Q & A
»Bank Rates
»Press Releases
News/Opinion
California | Local regulations online loans National World Business Sports Campaign '08 Conventions Science Environment gaebel student loans Opinion
Arts/Entertainment
Entertainment The Guide Arts & Culture The Envelope
Living
Travel Health Autos Home & Garden Food Image Books Living Green
Video Photography Obituaries Crosswords/Sudoku wachovia bank consolidated student loans Your Scene
Blogs Columnists Print Edition Readers Rep Corrections All farm loans pa Sections
Buy, Sell & More Jobs Cars Real Estate Foreclosure Sale alt-a loans Apartments Personals Deals at Local Stores Coupons Newspaper Ads
Place an Ad In the Newspaper Online
Settings/Services Sign In Register Personalized News E-Mail Newsletters RSS quick personal loans Feeds Help Contact Us poor credit private student loans L.A. Times Archives Reprint Requests Work for Us
Home Delivery Customer Support Subscribe
Investors punish Corinthian Colleges for making student loans
Shares fall 19% after the Santa Ana company reveals road loans lending program for students with poor credit.
From Bloomberg News, From Bloomberg connecticut loans News
August 27, short term loans 2008
Shares of Corinthian Colleges Inc. dropped after the operator of colleges and trade schools said it began making loans to students, raising concern that costs would erode earnings.
Corinthian shares fell $3.12, northeast title loans or 19%, to $13.09, the bank of america auto loans biggest percentage construction equipment loans denver colorado decline since Jan. 22, when SLM Corp. quit making higher-risk graduate plus loans loans private student loans to students. The Santa Ana company has established a lending program loans american general for students with poor credit who can't borrow from SLM, known max s loans as Sallie omni loans el paso Mae, Corinthian said.
Investors fear private student college loans Corinthian will have to write off some of the loans refinance loans for small farm and won't meet its fiscal 2009 earnings forecast of 58 to 63 cents a share, said Jeffrey Silber, an analyst with BMO Capital Markets Corp. in New York.
"It adds risk to the forecast," Silber said. "People were expecting sizable margin expansion and this is going to put a damper on that. People are not giving them the benefit of the doubt."
In fiscal 2009, Corinthian will spend on student loans all of its available unsecured debt consolidation loans cash that isn't earmarked for capital expenditures, Chief Financial Officer Kenneth Ord said Tuesday.
The company's chase automotive loans net loss narrowed to $620,000, or 1 cent a equity car loans st thomas ontario share, for the fiscal fourth quarter ended June 30, from $8.76 million, or 10 cents, a bankruptcy buy-outs loans year earlier. Income from continuing operations was $4.76 million, or 6 cents a share, compared with a loss of cheap construction loans $2.09 million, or 2 cents, as enrollment increased.
Corinthian fast personal loans next day Colleges Chief Executive Jack Massimino said car loans keep pink slip fiscal 2008 was marked by "the most challenging student financing environment in the company's history."
"We established a new company-sponsored student lending program, Access, and jumbo loans thus far have arranged financing for the vast majority of students," Massimino said.
Revenue for the fourth quarter rose 18% to $274 million.
Earnings for the fiscal first home equity loans for disabled quarter ending in September will be 6 to 8 cents a share, the company said. Analysts surveyed gmac student loans by Bloomberg had rent-a-center loans predicted quiken loans an average of 8 cents a share.
Corinthian runs post-secondary programs at more than 100 ms title i loans schools in the U.S. calculate home mortgage loans and Canada.
Corinthian also said Tuesday that Leon Panetta, 70, former chief of staff to President Clinton, would join its board. The move expands the board to 11 members.
At home with Aaron Rose
Curator and collector Aaron Rose, director of the new documentary 'Beautiful Losers,' turns his high risk no collateral loans rented business real estate loans loft-style guesthouse into a studio and contemporary loans for student with bad credit art shrine. Photos
Study finds Ayurvedic medicines often contaminated by toxic metals
Lead, mercury and arsenic were found in the traditionally Indian herbal mixtures at levels that would surpass California safety guaranteed payday loans guidelines.
Save over 50% off the newsstand iowa student loans price. Click here to subscribe to The Times.
Email
|
Print
|
Text
|
RSS
ADVERTISEMENT
Most Viewed
Most E-mailed
Real Estate Headlines
1.
Book review: "Houseonomics: Why Owning a Home Is Still a Great Investment," by Gary N. Smith and Margaret H. Smith
2.
Real Estate Wire: loans from private investors Latest housing news
3.
Tankless water heaters don't always reduce energy bills
4.
Condo buyers are in the driver's seat
5.
Taking steps to make tax student loans sure your builder won't go auto title cash loans ontario canada bust
Vons curtails its double-coupon policy
The supermarket chain fanny mae home loans is capping the value of doubled coupons at $1. Coupons worth $1 or more will be redeemed only stated commercial loans broker at face value. Discuss
More on LATimes.com
Advertising | Investing Tools | Technology | Work and Careers
Partners
Hoy | KTLA | Metromix | ShopLocal | Shopping Grocery Coupons
Classifieds
Career Builder | Cars.com | Apartments.com FSBO (For Sale By Owner) | Open Houses
Copyright 2008 Los Angeles Times
Privacy Policy | Terms of Service | Advertise | Home Delivery | no income no assets loans Reprint licensed online payday loans Requests | Help & Services | Contact | Site Map
|