I've been touting for-profit education stocks as good short opportunities for quite some time. I laid out my argument in this post from January, in which I reported shorting DV when it was in the 40s. Please re-read the post to see the fundamental arguments I made against for-profit education companies.
Well, fundamentals are definitely catching up with reality. The stock was trading in the teens earlier today, having lost about a quarter of its value right at the opening bell. Ultimately, I think some of these education companies will be as bankrupt as the students that graduate from these pathetic institutions.
