Company Research
Enova (ENVA) Announces Increased Stock Buyback
Enova International (ENVA) just announced an increased stock buyback of $100 million. The company had $27 million left on its existing buyback authorization so this represents an increase of $73 million. Given how cheap the stock is and that last quarter represented an all-time high for loan originations, we like the move.
Houghton Mifflin Harcourt Reportedly Exploring a Sale
There’s a story on Bloomberg News saying Houghton Mifflin ($HMHC) is exploring a sale. The company has hired an advisor, and Private Equity firms are doing due diligence. HMHC has been on the Deep Knowledge Investing buy list since January of 2021, and we continue to own a position. The stock has traded up in … Read more
WSJ Outlining How Government and Universities Add to Student Debt Problems
DKI has written extensively about the need for college students to consider cost, debt, and return on investment for their education. Another fantastic piece in today’s WSJ talking about how government intervention has helped create an unsustainable debt burden for students and parents. They correctly place proper blame on universities as well. https://wsj.com/articles/college-university-student-debt-parent-grad-plus-loans-congress-school-borrowing-11638930489?mod=djemwhatsnews…