Piper Jaffray has published a research report on education stocks commenting on the 90/10 rule.
In the report, Piper Jaffray writes, "Today's weakness in the education stocks (several of the names are down 3%-6% vs. a 0.4% gain in S&P500) is consistent with the volatility that has defined this sector for the past two years. To paraphrase noted stock-market pundit Bette Davis, education stocks, like old age, is no place for sissies! We believe today's action is driven by worries over potential tightening in the 90/10 rule. For reasons discussed below, we do not believe changes in 90/10 are imminent. We continue to believe the education stocks are poised for better performance in 2012 in the context of improving enrollment trends, stabilizing margins, improved regulatory clarity and historically low valuations. BPI and LOPE are our favorites."
Companies related to this report include:
American Public Education APEI
Apollo Group APOL
Bridgepointe Education BPI
Career Education CECO
Corinthian Colleges COCO
Capella Education Company CPLA
DeVry DV
Education Management EDMC
ITT Educational Services ESI
Grand Canyon Education LOPE
Strayer Education STRA
Universal Technical Institute UTI
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