Posted on November 16, 2023
Brief and speedy today, because… well, there’s just no time.
Grand Canyon Education, Inc. (NASDAQ:LOPE) is under the scope today, and not because we bear ill-will toward institutions of higher learning (though, indeed, we do).
Rather, because this predominantly online university is ready for some downside ABC.
The fundamentals for this purdy little thing are not so sunny.
So, from where is new growth expected?
For our part, we can’t see any chance of the growth needed to justify the current numbers.
The company is squeezing more and more juice out of less fruit every year, and that can’t go on indefinitely.
But it can provide us with a trade.
With a potential 1567% profit!
Many happy returns!