It could just be market movement or movement in sympathy with other stocks.
Or it could be related to the rumor that DV will offer some attractive early retirement packages over the next month followed by a series of layoffs. This will probably create a bounce in the stock price in January (the street seems to love layoffs), but I can't see it lasting.
I'm betting on DV being sold to someone who needs the brick and mortar hands-on education operation.
DV will not make it to the end of 2005 as an independent company is my bet right now. I think this is probably the best and perhaps only medicine that will help DV right now.
Well, you were right on about the early retirements. DeVry has made an offer to anyone with over 20 years employment. Gets rid of some of the higher salaries, I guess. Expect layoffs after the first of the year...unless they're really shitty...then they'll do it over the Christmas vacation.