Crocodilian

Why I'm Shorting DeVry

DeVry very much deserves this short -- for fundamental as well as technical reasons. These for-profit education firms are notorious for leaving students with massive debts, and much less by way of career prospects than they were promised.

US News and World Report just ran a story
"Which Colleges Leave Students With the Most Debt?"

which concludes

"Almost 30 percent of seniors at for-profit universities in 2008 owed at least $40,000 in college loans, an amount that could be excessive, according to a new analysis of the latest federal data by Mark Kantrowitz, publisher of Finaid.org and Fastweb.com. For comparison, only about 11 percent of seniors at private nonprofit colleges—many of which charge higher sticker prices than typical for-profits—graduate with excessive debt, Kantrowitz found. And excessive debt was a problem for only about 6 percent of seniors at public universities, which are typically comparatively lower priced. That means new graduates of for-profit schools are about five times as likely to have borrowed heavily as new graduates of public universities."

source: www.usnews.com/article...