While enrollments may have been higher than the same quarter in 2009 (if you can believe DeVry's CEO and accountants), enrollments were lower in this quarter than in the previous quarter in 2010. To be that shows a slowing of enrollments and a red flag. Especially when you take into consideration that the previous sessions is historically a weak session for DeVry and the industry as a whole.
In driving past their local campus, I couldn't help but notice that the parking lot is conspicously empty. Is that because of a reduction in student enrollments or the massive layoffs that DeVry conducted recently? Or both?
And if business is great, why are they furloughing so many employees? Doesn't make sense.
yah... and why is this debt free conservative company buying back so much stock....why is it so darn hard to get into their Ross Medical school.. why do people seek education anyway...why do not the rich states just build more colleges and quit raising tuition so much!