Thanks Aaron, any other reason the stock hasn't appreciated as much since you wrote this research report other than this stock being a microcap and most investors are not aware of this stock or simply can't buy because of a fund requirement?
Those reasons and possibly worry about that the new administration might go hard on for-profit private education companies. I think it is unfounded, but there is that worry.
Thanks Aaron. I like the macro thesis. What does competitive landscape look like and what’s to prevent a ton of competitors popping up if/when business turns and/or an infrastructure bill is passed? In other words, what’s the “moat” here?
I think the competitive landscape is mainly community colleges and in automotive tech, UTI. I think that it is hard to suddenly open a technical college as it requires not only licensing and regulatory approval, but the curriculum and equipment from manufacturers. See LINC’s Terex announcement. And with over 30 million unemployed, all I’m looking for is for LINC’s enrollment to go up from 11,000 to 18,000 and the stock is a grand slam.
Thanks for the post Aaron.
What's your opinion/thoughts about the stock today?
Hasn’t changed! We need more skilled workers!
Thanks Aaron, any other reason the stock hasn't appreciated as much since you wrote this research report other than this stock being a microcap and most investors are not aware of this stock or simply can't buy because of a fund requirement?
Those reasons and possibly worry about that the new administration might go hard on for-profit private education companies. I think it is unfounded, but there is that worry.
Thanks for your answer, Aaron.
Thanks Aaron. I like the macro thesis. What does competitive landscape look like and what’s to prevent a ton of competitors popping up if/when business turns and/or an infrastructure bill is passed? In other words, what’s the “moat” here?
I think the competitive landscape is mainly community colleges and in automotive tech, UTI. I think that it is hard to suddenly open a technical college as it requires not only licensing and regulatory approval, but the curriculum and equipment from manufacturers. See LINC’s Terex announcement. And with over 30 million unemployed, all I’m looking for is for LINC’s enrollment to go up from 11,000 to 18,000 and the stock is a grand slam.