More shopping, finally with DeVry

DeVry reported a very impressive quarter. Net Income increased 30%. Graduate course enrollment jumped 12%, and 8% with their Ross Medical school segment. Shares are down this morning, and after reporting news that the DOJ wouldn't be filing the lawsuit on submitting false claims to the Department of Education, the downward risk is more acceptable. As layoff news trickles through from the likes of Merck, Ebay, Yahoo, Goldman Sachs and the like, the small and medium sized businesses will definitely take it on the chin. Some people will be heading back to school retool their skills. Private Lending exposure is minimal for DeVry, and the recent quarter and morning slide in share price presents a good opportunity. I have a more detailed analysis of DeVry I did a few months ago which you can find here. I'm hoping my patience pays off. Picked up at $42.15/share