Strayer Education (NASDAQ:STRA) has had to endure the same challenges the overall for-profit educational sector has had to endure, as its enrollments continue to drop and it is forced to find ways to cut costs in a declining enrollment environment, while at the same time looking for ways to grow.
Consequently, revenue and earnings have dropped, although significant cuts in costs are helping the company to get lean and positioned well if it is able to find ways to boost enrollment.
There are hints it may have found a floor for its enrollment, and if that's so, it could start to grow earnings again, as management has said it appears its costs should be level going forward.
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