Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: DeVry
So what: For-profit education companies like DeVry have elicited skepticism recently, given media attention and the possibility of government scrutiny regarding their practices. For example, loans granted to many of these schools' students tend to correlate to low repayment rates as well as uninspiring graduation numbers.
Now what: Investors should resist getting too excited about DeVry; it revealed that it expects profit growth will be crimped by slowing enrollment in the second half of 2011. Meanwhile, this industry faces its share of challenges that aren't helped by incidents like a recent gaffe by the CEO of Strayer Education
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