Monday, May 31

Education Stocks Off After Comments From Hedge-Fund Manager - WSJ.com

Education Stocks Off After Comments From Hedge-Fund Manager - WSJ.com: "Eisman, citing high dropout and student-loan default rates at the schools, said 'In a sense, these companies are marketing machines masquerading as universities...

'Until recently, I thought that there would never again be an opportunity to be involved with an industry as socially destructive and morally bankrupt as the subprime mortgage industry. I was wrong. The for-profit education industry has proven equal to the task,' Eisman told the Ira Sohn Research Conference in New York City."

I just finished reading Michael Lewis' The Big Short which prominently features Eisman, and this sounds just like him.

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