For-Profit Education on the Skids
Vahan Janjigian (Forbes) submits: In my column in the August 9 issue of Forbes magazine, I warned of a double-dip recession and talked about the importance of investing in stocks with growing dividends in a down market. I gave Washington Post (WPO) as an example of such a stock. The stock, however, has gone lower ever since.In fact, all for-profit education stocks have been hit. Other examples include Corinthian Colleges (COCO), Apollo Group (APOL), American Public Education (APEI), Strayer Education (STRA), DeVry (DV), Career Education (CECO), Grand Canyon Education (LOPE), Bridgepoint Education (BPI), Education Management Corp. (EDMC), and Lincoln Education (LINC). Not surprisingly, the catalyst for the sell-off is proposed government regulation.Complete Story »
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