Stride: Mispriced Growth Transition — A Mid-Term Long With Material Upside
Stride (LRN) is trading below where fundamentals justify. With trailing EPS of $8.14, free cash flow of $433M and an enterprise value roughly in line with cash generation, the stock appears to underprice a normalized growth and margin recovery. This trade targets a re-rating as implementation headwinds fade and enrollment wins and product traction …