Corinthian Looks to Grow After Two-Year Slump

Orange County Business Journal | April 16, 2007| | Copyright

EDUCATION: Newly jobless could drive 'countercyclical' school operator

A slowing economy could be a good thing for Santa Ana's Corinthian Colleges Inc.

The vocational colleges operator has been in a twoyear slump with falling enrollment, lower profits and setbacks in a program designed to get more students to its schools.

Since 2004, there have been lawsuits from students and shareholders, government probes in California and Florida and a stock option grant review.

In March, the California Public Employees' Retirement System cited Corinthian as one of 11 companies with poor stock performance ...

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