Looks like STRA anticipates $50M per year in cost savings
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At $110 a share, stock holders will be expecting STRA to be a more "efficient" company. Someone will be downsized, either at Strayer or Capella, or both.
Here are the people involved in the rightsizing.
https://www.sec.gov/Archives/edgar/data/1013934/000110465918019863/a18-8964_1425.htm
Wow, it's quiet here. My guess is that low enrollment campuses may close at some point. It makes no sense to be paying rent for space with so few students.