The Panic-Proof Portfolio (Stockchase Research)
Strategic Education, Inc.
STRA-Q
PAST TOP PICK
Mar 02, 2021
(A Top Pick Dec 10/20, Down 15.8%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with STRA has triggered our recommended stop at $81. To be disciplined, we recommend covering the position at this time. We will look for better opportunities.
Stockchase Research Editor: Michael O'Reilly STRA provides post-secondary and non-degree education programs in the US. The pandemic slowed growth this year, but sales only declined 1% over the year. Bank of America analysts just upgraded their outlook with the thinking that the company has now faced the worst of the onslaught making this an excellent time to enter. With a strong outlook on earnings growth next year, it trades with a PEG of 0.96. It pays a good dividend that is backed by a payout ratio of 48%. We would buy this with a stop-loss at $81, looking of a target of $121 -- 29% upside.
Yield 2.60% (Analysts’ price target is $121.80)
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