I believe the "inately bad" thing about coconut oil is that it's more than 80% saturated fat (wikipedia says 82.5).
There are strong, consistent, and graded relationships between saturated fat intake, blood cholesterol levels, and the mass occurrence of cardiovascular disease.[5] The relationships are accepted as causal.[24][25]
https://en.wikipedia.org/wiki/Saturated_fat#Association_with...