$EDU.AX update for T2 enrollments...number is 🔥, +32% YoY significantly disproves the idea they cannot continue growing off a much higher base. In retrospect restarting the buyback at new highs - when they clearly knew their T2 enrols - was a tell. I checked out of this too early (no position atm). Ref $1, stock is <4x EV/EBITDA, about 7x P/E, and ~7% yield... Think stock prob goes to $1.2 on this print...clearly a better quality, more sustainable biz in the near-term... GLTA
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