Portfolio +34.3% YTD, 2.3x the market since inception. CLS jumped 15% after another stellar quarter, OPFI beat and raised guidance, and LRN gave us the kind of gift only panic can wrap.
You didn't address the key issue, will any of their partner school leave because of this disastrous rollout. Pearson lost its California virtual charter schools because of their own rollout challenges back in 2018, it took a while for those schools to leave. Have you contacted any board members to see if their leadership is upset enough to leave? Probably not. Have you contemplated it? Probably not. I was in the leadership in Pearson Virtual Schools, Connections Education, at the time we had our own challenges back in 2018. Investors know this is a big deal, not just a temporary issue. The loss of partner schools and customer concentration has always been a concern for these folks, particularly after Agora left close to twenty years ago and had the stock fall materially. The stock is trading as if schools might leave, that may not occur for another couple of years but it might happen. Its too early to know.
Thank you for the insight. Yes, I should have elaborated more on partner schools. Actually I spoke to 2 members, but that was before the rollout hiccup. I will reach out to them see how upset they are about this issue.
You didn't address the key issue, will any of their partner school leave because of this disastrous rollout. Pearson lost its California virtual charter schools because of their own rollout challenges back in 2018, it took a while for those schools to leave. Have you contacted any board members to see if their leadership is upset enough to leave? Probably not. Have you contemplated it? Probably not. I was in the leadership in Pearson Virtual Schools, Connections Education, at the time we had our own challenges back in 2018. Investors know this is a big deal, not just a temporary issue. The loss of partner schools and customer concentration has always been a concern for these folks, particularly after Agora left close to twenty years ago and had the stock fall materially. The stock is trading as if schools might leave, that may not occur for another couple of years but it might happen. Its too early to know.
Thank you for the insight. Yes, I should have elaborated more on partner schools. Actually I spoke to 2 members, but that was before the rollout hiccup. I will reach out to them see how upset they are about this issue.
Have a good day.
I just saw your response. Great that you reached out to the partner school. What did they say?
My apologies, rereading my comment it came across as snarky. Glad that you are doing follow up.