Saj Karsan
Long only, deep value, contrarian

Strayer Shines In The For-Profit Black Hole

A few short months ago, the negativity in for-profit stocks appeared to be at a peak. But many of the issues have hair on them, so even though I wanted exposure at those appealing price levels, I couldn't get comfortable accepting many of the individual risks. So as discussed here, I took a basket approach. That is, small positions in a lot of hated firms. Since then, many of those issues have exploded upward in price, as my timing was pretty lucky. There is at least one notable exception, however; shares of Strayer University are even lower now than they were then.

But Strayer (NASDAQ:STRA) is not one of the hairy issues with questionable operations. Instead, this...

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