– Analyst Blog – Strayer education (STRA) offers undergraduate and graduate degree programs in accounting, business administration, education, information technology (IT), and public administration. The company’s 55 Strayer University campuses are located in 11 states and Washington, D.C. in the eastern U.S. The company also services students nationwide and worldwide through Strayer University Online.
Management’s growth strategy includes maintaining a stable enrollment rate at mature campuses while expanding by opening of new campuses and extending Strayer’s online education system. The company constantly strives to meet with the evolving needs of the working adult students and their employers by continuously refining and updating its educational programs. Also, management is
strongly committed to enhancing shareholder value, especially through share repurchases and dividend increases. The company maintains a debt free balance sheet.
Financial results for the past ten quarters have been above expectations, and management’s guidance for 2008 portends continued double-digit EPS growth. In addition, the bad debt expense ratio has improved over the last two quarters. Despite the stock’s valuation being in the upper-half of the historical range, it is rated a Buy. Read full report. (Zachs Investment Research)