Company Research

Depth Check – Coursera (COUR) – Chegg’s Problems Aren’t an Issue for Coursera

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Overview: Last week, Coursera’s (ticker: COUR) stock dropped greater than 15% over a few days due to poor 3Q results and weak guidance from Chegg (ticker: CHGG).  We’ll go over why the Chegg results aren’t relevant for Coursera and provide detail on Coursera’s 3Q results with an emphasis on how closely they match our thesis…...

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The Depth Report – Houghton Mifflin Harcourt (HMHC) – Outstanding 3Q Results

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Overview: Last January, we recommended Houghton Mifflin Harcourt (ticker: HMHC) to our subscribers in the high $4/low $5 range.  In February, we published the initiation report which is available here.  Our thesis focused on the fact that sales were weak in 2020 due to school boards not meeting during Covid lockdowns, and that was a…...

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Yet again, universities overcharge students for low-value degrees

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Great article in today’s WSJ highlighting USC’s tactic of heavily marketing a $115,000 online degree with low post-graduate salaries. 1) One reason we favor $COUR is they are driving costs down for students including online degree students. 2) Students should start to consider return on investment before entering a program. Cost, degree, school, and salary … Read more

Depth Check – Enova International (ENVA) – 3Q Earnings Support the Investment Thesis

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Overview: Last week, Enova International (ticker: ENVA) announced third quarter earnings.  The headline numbers were strong with revenue of $320MM up 57% from last year and beating analyst estimates of $286MM.  Adjusted Earnings of $1.50 were down from $2.97 last year and beat analyst estimates of $1.11.  We’ll go over the reason for the drop…...

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Deep Knowledge Investing Interviewed on Class Futures Podcast

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I’d like to thank Jonathan Lloyd for having me on his podcast to discuss online education. Great conversation about Coursera, 2U, and the future of educational opportunities. Please feel free to check it out here: https://lnkd.in/gicGApWB #education#podcast#onlineeducation#onlineeducationplatform $COUR $TWOU

The Depth Report – Online Education – The Institutional Problem

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Robert Scott, the President Emeritus of Adelphi University published an article linking to our work where he claimed that tuition costs, poor return on investment, and student debt are not valid concerns for students considering online vs on-campus study. This is a topic that deserves national discussion and debate. In an extensively researched piece, we … Read more

Deep Knowledge Investing Featured on Chinese Media

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We’d like to thank Jia Guo of Stansberry China for working with us on this week’s piece on online education and Coursera. Jia, it was such a pleasure working with you, and we look forward to creating lots of great stock-related content with you in the future. Thanks to Stansberry China and Jia for a … Read more

Coursera (COUR) and 2U (TWOU) Further Confirmation of Thesis and Answers to Good Questions

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Overview: Last week, we published a comprehensive report on Online Education focusing in particular on the positive investment case for Coursera (ticker: COUR). We’re pleased to relay that the piece has received tens of thousands of views on LinkedIn and was the subject of an hour-long interview on RealVision. More podcasts and media interviews are … Read more

Deep Knowledge Investing interviewed on Stocks for Beginners

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I’d like to thank Philip Muscatello for having me on Stocks for Beginners, his fantastic podcast focusing on helping new investors understand the markets. We discussed online education, and Phil made sure the discussion was approachable by investors of all experience levels. Phil – thanks for the great conversation! For those of you interested in … Read more