I agree Patient. It is horrible that your taxpayer subsidized investment returns and COCO's inflated management salaries will have to be paid increasingly by credit card debt.
It will take junk financing to finance a junk education. If the students can afford 21% interest on $50,000 to finance an education leading to a 1 in 3 chance of getting an $18/hr. job, so be it. If they are that stupid to waste their own money, and a credit card company is willing to take that repayment risk, great. That's their business.
I don't want to make such foolish investments my business through my tax dollars and that is my choice.
Davenport.....you are such an unbelievable #$%$....you were dead wrong on Devry before its earnings and so you have decided to come back to the COCO post now....hilarious
There will be no driver with the for-profits until we experience another recession as this sector is counter-cyclical......and the stock will trade up way before someone like you sees the "driver".....but my guess is you are too stupid to recognize this.
So keep crowing all you want, and keep ripping on the company that trades at 3.4x 10-year average earnings, relative to the S&P 500 trading at 20.8x......I'm sure you were the one pushing a buy on Apple when it was trading at $700/share, or 44.6x 10-year average earnings......no better way to lose money than to listen to someone like you who depends on the market to tell him what to do