If we strip away all of the narrative, KPI’s, and managmenet speak in an effort to distill the STRA situtation down to its core, what do we have? From our perspective, STRA offers educational products whose demand is in secular decline (perhaps...
READ MORE >The attached presentation serves as an update to the "Higher Education Crisis" report we published earlier this year. For-profit education companies face a growing list of challenges that suggest that student acquistiion costs could...
READ MORE >t’s never a good sign when the first headlines in a company’s earnings releases relate to a division that makes up less than 10% of total revenues. We probably shouldn’t expect too much from STRA management at this...
READ MORE >“I don't see anything that gives me alarm around any sharper declines in U.S. Higher Education enrollment. And I'm confident that in time, it's going to normalize to...
READ MORE >In our 25+ years following the for-profit education industry, there has never been a time when the overall level of angst was this high. Ongoing concerns about return on educational investment and student debt levels...
READ MORE >“We had probably the only thing that was a little bit of a surprise is we had a little bit higher bad debt than we expected. That's typical. Now with the benefit of hindsight, when we have...
READ MORE >“As I said a moment ago, we've seen a significant inflection in demand in our U.S. Higher Education segment. Inquiry volume is up more than 20% from the prior year. And within Strayer...
READ MORE >“ Strayer's leading indicators have remained relatively stable and strong for the past 8 weeks, essentially staying well above last year's targets on a quarter-to-date basis. What portion of this...
READ MORE >“Given that more than 95% of our students are already taking all of their classes online and given that we have the capability to operate our company with our entire workforce working remotely,...
READ MORE >SELL/SHORT
$294
SELL/SHORT
$440
SHORT
$60
SELL/SHORT
$3.50
SELL/SHORT
$106
SHORT
$18
LONG
$126
SHORT
$40
SHORT
$38
LONG
$25
SHORT
$52
SELL
$50
SHORT
$50
LONG
$110
SELL/SHORT
$230
SELL/SHORT
$55
LONG
$70
SELL/SHORT
$4
SELL/SHORT
$45
SELL/SHORT
$5
SELL/SHORT
$42
LONG
$75
SELL/SHORT
$50
SELL/SHORT
$50
LONG
$5.50
SHORT
$28
LONG
$65
LONG
$37
PAIR TRADE
$10
PAIR TRADE
$30
LONG
$35
SHORT
$35
SELL/SHORT
$10
SHORT
$101
SHORT
$0
SHORT
$9
SHORT
$0
PAIR - LONG BGG/SHORT TTC
25%
SHORT
$22
SHORT
$15
SHORT
$20
SHORT
$31
SHORT
$35
SHORT
$30
PAIR - LONG KNL/SHORT MLHR
25%
LONG
$8
LONG
$20
SHORT
$22
PAIR - LONG CSGP/SHORT LOOP
40%
LONG
$35
SHORT
$275
SHORT
$0