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Transaction Details

Company: Corintinian Colleges
Ticker:coco
Yahoo Beta:0.46
Industry:Schools

Company Description:  Corinthian Colleges is a for-profit system of post-secondary education schools. Corinthian's focus is on technical education.

Purchase Date:13 Oct 2002 Sale Date:12 Jan 2005
Purchase Price:$14.16 Sale Price:$18.40
  --Split Adjusted:$14.16  --Split Adjusted:$18.40
Shares Purchased:200 Shares Sold:200
  --Split Adjusted:200  --Split Adjusted:200
Transaction Fee:$19.95 Transaction Fee:$19.95
Price Range (6 Months Prior):    Price Range (6 Months After):    
High$34.75 High$0.00
Date22 Apr 2004 Date01 Jan 1996
Low$10.29 Low$0.00
Date02 Aug 2004 Date01 Jan 1996
S&P (Purchase Date):$1,113.13 S&P (Sale Date):$1,187.70

Purchase
Timing:  The price of the stock dropped precipitously in Augest, but has been rising since.
Reason:  The class believes that the long run prospects for post-secondary education remain strong. The industry is counter-cyclical, making this investment an attractive one. The company has grown rapidly over the last five years and continues to have strong earnings.

Sale
Timing:  
Reason:  At the time we purchased, we believed that Corinthian Colleges was undervalued. Since then, its price has achieved our target.

S&P Gain: 6.7 % Annualized Gain: 3.04%
Stock Gain: 29.94 % Annualized Gain: 12.86%

Dividends:$0.00
Net Holding Return ($): $808.10
Net Holding Return (%): 28.33 %