Stride Inc (LRN) – The Last Covid Over Earner – Hiding That Est >25% of EBITDA Came from Covid Funds

We are short Stride Inc (fka K12 Inc.) (NYSE:LRN). We believe Stride, a K-12 online education company, is the last Covid over-earning stock yet to fall. The stock is near its highs (+60% YoY) but investors are clueless about the looming Covid funding cliff. Investors don’t know because Stride management has NOT told them. Instead,…

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