DeVry, Inc. (NYSE:DV)

Those who have written DeVry off as just another for-profit educator have not done their homework. It is indeed the case that most for-profit institutes of higher education are ripping off the public. High costs, low graduation rates, and low hiring rates for grads can't be ignored. (Intel recently announced it would stop paying tuition for employees taking classes through one such institution, because the classes didn't contribute to employees' skills or knowledge in any real way.)

But DeVry doesn't fit this mold. Sure, classes are as costly at DeVry as they are anywhere else. But DeVry has been around since the 1920s. They are not a for-profit university. They are a vocational school. And they know how to do job training. They have high graduation rates. Best of all, 95% of their grads get good jobs. Graduates rate the institution as outstanding, and so do employers. The CEO is a long-time educator, and he knows his stuff.

DeVry is one of those cases we all look for -- one in which Mr. Market is dead wrong at the moment. The stock is currently selling for half of what it's worth, by my calculations. If you look at the figures, you'll see that DeVry is not only highly profitable and growing by leaps and bounds; it is also offering an outstanding dividend, currently over 5%. So buy, and buy now. I've already made 15% on my purchase since I bought it in December.