The above bludgeonings are just from today. Seriously.
The for-profit education sector now has a bunch of not-for-profit shareholders.
In hindsight, owning these stupid stocks was a disaster waiting to happen. I can't imagine what kind of convoluted investment thesis would've had anybody long these names.
The case against them, however, was a no-brainer:
Herb Greenberg over at CNBC NetNet has been all over this story, props are due. Those looking to play an oversold bounce should do some homework first. You may get that bounce but the risk of being stuck may not be worth it given the state of the industry.
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