Added to YB: 2024-10-17
Pitch date: 2024-10-16
LRN [bearish]
Stride, Inc.
-0.78%
current return
Author Info
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Company Info
Stride, Inc., together with its subsidiaries, provides proprietary and third-party online curriculum, software systems, and educational services in the United States and internationally.
Market Cap
$6.3B
Pitch Price
$64.00
Price Target
N/A
Dividend
N/A
EV/EBITDA
12.22
P/E
24.61
EV/Sales
2.43
Sector
Diversified Consumer Services
Category
special_situation
Short Stride (LRN) - The Last Covid Over Earner
LRN short: Est. $330M+ in undisclosed COVID funds (25% of FY2024 EBITDA) ending Sept 2024. Wall St expects 10% EBITDA growth FY2025-26. Q1 2025 call next week to reveal impact. Issues: 5-10% 'ghost students', 7+ undisclosed school losses, overbilling allegations, CEO controversies. Pre-COVID, low-margin business; COVID funds masked reality.
Read full article (2 min)