All in For Profit
A Wall Streeter explains why he’s bullish on for-profit education company K12
By Mazinger ZAs president Coolidge once said, the business of American business is rent seeking. No surprise then that the efficiency, resources and ingenuity of our profit-seekers are increasingly being enlisted in the fight to turn around our failed and failing public schools. Of course, this process inevitably involves siphoning off a few tens of billions from the generous teat of the US taxpayers. But only carpers or whiners could object to the risk-bearing shareholders extracting proper compensation for the hard work of following their stocks on Yahoo and opening their monthly brokerage statements.
LRN 2 Earn
Perhaps the most notorious of these profit seekers is K12, Inc, which aims to replace lazy good-for-nothing teachers and their pensions with the magic of online learning. K12 went public in 2007, and trades under the clever ticker LRN in the New York Stock Exchange. Since then, it has grown phenomenally, riding the education reform wave onwards and
Perhaps the most notorious of these profit seekers is K12, Inc, which aims to replace lazy good-for-nothing teachers and their pensions with the magic of online learning. K12 went public in 2007, and trades under the clever ticker LRN in the New York Stock Exchange. Since then, it has grown phenomenally, riding the education reform wave onwards and