Other competitors in the services sector include: Career Education (CECO), DeVry (DV), and Corinthian Colleges (COCO).

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Sanctimonious industry regulators might want to take a gander at the stock symbols for Corinthian Colleges, Inc.

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Smaller players in the sector also enjoy strong (second quintile) ROICs: Career Education Corp. at 11% and Corinthian Colleges.

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Numerous educational companies make up the schools industry group: Apollo Group, Corinthian Colleges, Devry and Strayer Education to name a few.

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Competitors include DeVry (DV), Career Education (CECO) and Corinthian Colleges (COCO), and Grand Canyon Education, which, along with Apollo, are all facing new hurdles on the heels of more robust online degree programs from traditional institutions.

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Steven Eisman of Frontpoint Capital delivered a scathing brief against for-profit education companies Corinthian Colleges, Apollo Group, ESI and Washington Post, saying they were creating the next subprime crisis by inducing students to borrow billions of dollars in federally guaranteed debt.

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