ESI

ESI

Education Gets an Upgrade

Zachary Scheidt submits:
Wednesday, many of the for-profit educational companies got a lift after Credit Suisse (CS) upgraded Devry Inc. (DV) and ITT Educational Services (ESI). The report basically stated that regulation changes for the industry are not likely to be as severe as originally expected and investors can now purchase these companies with better visibility for future profits.The Department of Education recently submitted “Gainful Employment” proposed language to the Office of Management and Budget to estimate the costs of the new proposed language. Credit Suisse expects this language to be submitted to the public by mid-May or at the latest June 1. From that point there would be a comment period followed by enforceable regulation likely to start November 1.Complete Story »

Focus List Update: Continuing to Preempt Goldman Sachs and Rest of the Street

Stephen Castellano submits: Weekly Long/Short Focus List as of March 26, 2010 Our highlighted stocks continue to anticipate major ratings and estimate changes by a number of sell side shops, as illustrated in our March 17 report, "Goldman Sachs and Nostradamus versus Simple Quantitative Models and Common Sense." Four Weeks Early on Scotts Miracle-Gro For example, on March 23, 2010, Scotts Miracle-Gro (SMG), which has been a top performer in our monthly model portfolio and our monthly focus portfolio, was SMG)+Higher+On+BofAMerrill+Lynch+Upgrade/5463172.html" rel="nofollow">recently upgraded by Bank of America/Merrill Lynch with a target price moving to $53 from $45. Complete Story »

Why a Market Crash Doesn’t Matter

Chuck Carnevale submits:Market Generalities When reading Seeking Alpha Friday, I couldn’t help notice that the most popular article was: Why the Stock Market Should Crash, by Charles Hugh Smith. With all due respect to Mr. Smith, and all the other doomsayers out there, I frankly just don’t get it. In my opinion, fear is a negative emotion that causes more harm than good. My favorite acronym for FEAR is: False Evidence Appearing Real.Complete Story »

Private University Enrollment Figures Reflect Paradigm Shift in College Education?

Robert Salomon submits: Given my interest in the history and development of universities and colleges, I found today’s article about private college enrollments interesting, though not entirely unexpected (see Enrollment to Drop at a Third of Private Colleges). According to Bloomberg: Almost a third of U.S. private colleges expect freshman enrollment to decline in the 2009-2010 school year as families struggle to pay bills and hold down debt, according to a survey.Complete Story »

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