DeVry and Strayer's recent pull back

Two companies which I like, but waiting for a better entry point saw pretty sharp declines June.30th. DeVry and Strayer both fell 12% and 6% respectively that day. The only news coming out was that both companies were being added to the Russell 1000 index, and what looked to 3.1 million shares of DeVry offloaded. The valuation looks more attractive, but I'm still waiting for a range below the $50's to compensate for the risk associated with the DOJ investigation that came to light in May.

In other news Apollo (APOL) reported a good quarter last night. Quarterly revenues rose 14% while they mentioned an improvement in collections from students before they are likely to drop out.