GAO investigations, lawsuits, regulatory scrutiny, well, add disgruntled investors to the list now. Investors are taking most companies in the for-profit education sector to the woodshed again today. I thought it might be useful to see how we got here by focusing on events over the past three weeks, which included a slew of earnings announcements, new Dept. of Education rules and new investigations/reviews from state, Dept. of Education and the SEC.
Before taking apart the events of the few weeks, I thought it was instructive to see how the stock prices of the leading companies in the industry had performed over the past three months (hint: it ain't pretty):