I totally agree digital education is a big challenge and there may be structural issues but it is difficult to know for certain with the us at full employment - the proof one way or another will be within the next. 2- 3 years I guess as unemployment ticks up ( it can't go lower!) and if the democrats take the White House and congress and its spend spend spend !!
For now I am giving them the benefit of the doubt - PRH is probably worth 1.5 to 2 b dollars and they will probably look to… Read More
They're trying to bat it away but you only have to research the last few announcements to see this company is suffering structural issues not simply cyclical. I used to think a new ceo might change the horizon but I doubt anyone could now make a go of this. There's simply too many changes happening in education and the earnings outlook is highly uncertain with emphasis to the downside
At this price cant be much more downside and IF the board deliver year end results perhaps a bit more faith in their pronouncements and ability to deliver Could also be an upside if the democrats sweep congress and the white house as they will spend a lot on education
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