Corinthian Colleges, Inc. CEO David Moore talks to The Wall Street Transcript.NEW YORK--(BUSINESS WIRE)--June 4, 1999-- The Wall Street Transcript A generic term for any kind of copy, particularly an official or certified representation of the record of what took place in a court during a trial or other legal proceeding. A transcript of record has published an in-depth interview with David G. Moore of Corinthian Colleges, Inc. (Nasdaq:COCO Coco, river, c.466 mi (750 km) long, rising in S Honduras and flowing E into Nicaragua and then NE to the Caribbean Sea. Part of the Mosquito Coast region, and once the object of dispute between Honduras and Nicaragua, the middle and lower course forms the boundary ), in which he talks at length about his company's future. He says, "The company actually started in 1995. It was formed by the five principals who still run the company. We in effect completed a management buyout Management buyout (MBO) Leveraged buyout whereby the acquiring group is led by the firm's management. management buyout See going private. of the former National Education Centers, Incorporated, and acquired 16 schools at that point. A year later we bought another 18 schools from the former Phillips Colleges, Incorporated. Since then we've added acquisitions and branches, bringing us to a total of 37 career colleges." He explains, "Our schools are divided into two groups, operating under two different names: Corinthian Schools, which are focused on diploma-level allied health programs, providing job training for entry-level people wanting to go into the health industry, and the other group of schools operating under Rhodes Colleges Rhodes Colleges may refer to:
n. An academic degree conferred by a college or university upon those who complete at least one year of prescribed study beyond the bachelor's degree. Noun 1. , a regular MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration , an executive MBA, and a masters degree in criminal justice in that group of schools." Looking forward, he states, "In the next five years we expect to more than double the number of schools we have. We'll be looking at something in the neighborhood of above $250 million in revenue at that point. We expect to be able to continue to achieve our 15% plus or minus top-line growth, and our 25% plus or minus bottom-line growth." To read the complete interview, go to http://www.twst.com/ceos.htm. The Wall Street Transcript does not endorse the views of any interviewees nor does it make stock recommendations. Read hundreds of free excerpts from our Q&A Interviews of analysts from top brokerage houses, money managers and CEOs at http://www.twst.com. The Wall Street Transcript is a premier weekly investment publication serving serious long-term investors Long-term investor A person who makes investments for a period of at least five years in order to finance his or her long-term goals. for over 35 years. The Transcript publishes industry roundtables and interviews with Wall Street analysts, money managers, and Company CEOs, and is read by top money managers, brokers, and individual investors. For subscription information call (800) 246 -7673. |
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