Pump, pump, pump, pump
EV/EBITDA 28.44
6 replies (most recent on top)
STRA's "goodwill" is $732 million and intangible assets are another $300 million. Talk about a shady balance sheet.
https://seekingalpha.com/filing/4581942
"Only the Amoral Move Forward- Only Numbers Matter"
https://www.glassdoor.com/Reviews/Strayer-University-Reviews-E31702.htm
And the complaints do not look good...
https://www.consumeraffairs.com/education/online-colleges/strayer.html
"Strayer is Liars. I don't know why Queen Latifah chooses to advocate for such a money hungry school. They have ripped me off for years, claiming to give me something at the end and a computer that tore up and locked up after about 6 months. I wished I never went to this school and racked up so much debt. I will assist my daughter in finding another school before she ends up like me with so much debt. I wish they would investigate this school and shut them down!!!!"
Strayer and Capella use the predatory QuinStreet for lead generation. What could possibly go wrong?
https://www.thelayoff.com/quinstreet
More expansion.
"During the second quarter, Strayer opened a new campus in K–leen, Texas, and Capella University opens its first – opened its first ever physical location in Atlanta, Georgia. Strayer remains on track to open 2 to 3 additional new campuses in the second half of 2019, while Capella remains on track to open its second location in Orlando, Florida in the third quarter."
https://seekingalpha.com/article/4279706-strategic-education-inc-stra-ceo-karl-mcdonnell-q2-2019-results-earnings-call-transcript?part=single
"The enterprise-value-to-EBITDA ratio varies by industry. However, the EV/EBITDA for the S&P 500 has typically averaged from 11 to 14 over the last few years. As of June 2018, the average EV/EBITDA for the S&P was 12.98. As a general guideline, an EV/EBITDA value below 10 is commonly interpreted as healthy and above average by analysts and investors. "
https://www.investopedia.com/ask/answers/072715/what-considered-healthy-evebitda.asp