Professional
Added to YB: 2026-05-15
Pitch date: 2026-04-22
LRN [neutral]
Stride, Inc.
-14.06%
current return
Author Info
Laughing Water Capital is a boutique investment partnership. Our partners believe that careful analysis of a select group of businesses can lead to above average investment returns for equity investors. Our small size and patient approach give us an advantage that cannot be matched by traditional asset managers or hedge funds that are focused on the day to day gyrations of the stock market, rather than the fundamental value of businesses. Visit their website.
Company Info
Stride, Inc., together with its subsidiaries, provides proprietary and third-party online curriculum, software systems, and educational services in the United States and internationally.
Market Cap
$3.7B
Pitch Price
$101.72
Price Target
N/A
Dividend
N/A
EV/EBITDA
6.37
P/E
13.70
EV/Sales
1.32
Sector
Diversified Consumer Services
Category
turnaround
Laughing Water Capital Portfolio Holding: Stride, Inc.
LRN (holding update): Largest U.S. K-12 virtual school operator (240K students, 30 states) growing mid-teens pre-crisis. Botched software upgrade cost 10K enrollments, shares -50%+. Now <7.5x EBIT vs 14x prior. Mgmt initiated $500M buyback, fixing software. Strong demand persists per mgmt & competitors. Early fixes showing progress. Re-rating to prior multiple as enrollment recovers.
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