Professional
Added to YB: 2026-07-07
Pitch date: 2026-07-03
LRN [neutral]
Stride, Inc.
+0.04%
current return
Author Info
ASB Partners invests in cheap, growing, and durable stocks, and shares writeups via their newsletter. Sign up for the newsletter.
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
$3.8B
Pitch Price
$90.24
Price Target
N/A
Dividend
N/A
EV/EBITDA
6.61
P/E
14.17
EV/Sales
1.37
Sector
Diversified Consumer Services
Category
value
ASB Partners Q226 Letter and Update on Stride ($LRN)
LRN (holding update): Stock -20% (-$800M cap) after Roscoe BoE terminated Lone Star Online Academy contract (~14k students, ~5% of FY26 enrollments). ASB sees overreaction; 'backstop' schools in TX to recapture students (like NM Gallup case). No 8-K = immaterial. 13% TTM FCF/EV, ~10x P/E, $500M buyback.
Read full article (2 min)