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Thursday, September 19, 2013

Whitney Tilson Gets Caught Yet Again With His Pants Down southbronxschool.com

http://www.southbronxschool.com:

Whitney Tilson Gets Caught Yet Again With His Pants Down

What a day yesterday was! The new phone books arrived, I, with other education bloggers, got to engage in a video conference with Diane Ravitch, and I found out that not only had Whitney Tilson finally make some sense, but he confirmed that he is in education for the moolah and lying hypocrite as well.


So Whitney, in a obvious display making up for some Freudian shortcoming shows just how smart
and investor he thinks he is. Remember, this is the guy who shorted Netflix.

I know the company and the space well (K12’s primary business is running online charter schools in 33 states and DC), and it’s a VERY high conviction short (meaning the funds I manage will profit if the stock price declines). I think that the company has run amok in many, many ways, inappropriately targeting the most at-risk students, with dismal academic results, off-the-charts student turnover, coming under increasing scrutiny. K12 reminds me of the subprime mortgage lenders and for-profit colleges when they were flying