...and that saga is finally over

Career Education: Report Calls For No Further Action >CECO Oct 18, 2007 15:43:39 (ET)
Career Education Corp. (CECO) said Thursday that a special committee of a regional accrediting body won't recommend further corrective action for the company's American InterContinental University, whose accreditation is on probationary status.
Career Education said the committee's recent report isn't a final determination on the probationary status, and that the Commission on Colleges isn't required to accept the committee's conclusions.
American InterContinental University has been on probation since December 2005, and that status will continue through the end of this year.
The Hoffman Estates, Ill., for-profit provider of post-secondary education expects the Commission on Colleges to announce any actions in December, according to a Securities and Exchange Commission filing.

And in a related story, Brown Buddy just made a dick load of money! Ok, so maybe not a dickload, but the stock skyrocketed to $35.00 a share, and since its unlikely it'll get any higher than $40 (and more likely to drop to the $30 range), I sold it off. All of it. Made about 4 grand or so...not bad for a days work :)