Professional
Added to YB: 2026-07-07
Pitch date: 2026-07-03
LRN [neutral]
Stride, Inc.
-7.82%
current return
Author Info
ASB Partners invests in cheap, growing, and durable stocks, and shares writeups via their newsletter. Sign up for the newsletter.
Company Info
Stride, Inc., a technology company, provides an educational platform to deliver proprietary and third-party curriculum, software systems, and educational services in the United States.
Market Cap
$3.5B
Pitch Price
$90.24
Price Target
N/A
Dividend
N/A
EV/EBITDA
5.82
P/E
11.86
EV/Sales
1.19
Sector
Diversified Consumer Services
Category
value
ASB Partners Q226 Letter and Update on Stride ($LRN)
LRN (holding update): Stock -20% (-$800M cap) after Roscoe BoE terminated Lone Star Online Academy contract (~14k students, ~5% of FY26 enrollments). ASB sees overreaction; 'backstop' schools in TX to recapture students (like NM Gallup case). No 8-K = immaterial. 13% TTM FCF/EV, ~10x P/E, $500M buyback.
Read full article (2 min)