Replies to post #360922 on Zeev's Turnips Patch-No Politics (ZEEV)

[jdaasoc]

IF COCO is anything like CECO, there is a large relatively unknown amount of receivables from deadbeat students that may not be collected. In the case of CECO, they predicted in latest CC that 5% of receivables will probably be written off in Q105.

Hard to get a high multiple P/E in this situation.