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Jeff Ubben bets on underperforming for-profit education stock

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Jeffrey Ubben

Source: BusinessWire

Activist Jeff Ubben thinks the market is mistakenly underappreciating Strategic Education because it is a for-profit education company.

His firm, Inclusive Capital, has a more than 5% stake in Strategic Education. Since early June, the stock is down more than 40%, while the S&P 500 has rallied more than 12%.

For-profit education companies have gotten a bad reputation in recent years, but Ubben thinks Strategic Education can provide strong returns by leveraging its technology capabilities. Additionally, the company has undertaken initiatives aimed at reducing the cost of post-secondary education.

Company: Strategic Education Inc. (STRA)



Source cnbc.com

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