Zachary Scheidt submits:
Wednesday, many of the for-profit educational companies got a lift after Credit Suisse (CS) upgraded Devry Inc. (DV) and ITT Educational Services (ESI). The report basically stated that regulation changes for the industry are not likely to be as severe as originally expected and investors can now purchase these companies with better visibility for future profits.
The Department of Education recently submitted “Gainful Employment” proposed language to the Office of Management and Budget to estimate the costs of the new proposed language. Credit Suisse expects this language to be submitted to the public by mid-May or at the latest June 1. From that point there would be a comment period followed by enforceable regulation likely to start November 1.
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