Strayer Education: A Finely Run Operation

Let me introduce you to a business that currently has finely tuned operations, Strayer, Inc (STRA). During my analysis covering the educational services sector, Strayer had turned up as one of the companies I was interested in as a possible investment.

Unfortunately, it has taken me an extended amount of time to run through Strayer’s 10k’s, earnings calls, and 10Q’s. There is a lot of good meat packaged into the company’s reports, and for good reason. If you ran a successful business with high operating margins, good fiscal responsibility, and a product offering that shows continuous double digit growth in both top line revenues and student enrollments, you are going to want to show that off and package every single detail into the quarterly and annual statements.