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Tuesday, September 17, 2013

Kase Capital - K12 Short Thesis

Whitney Tilson presented today at the Value Investing Congress.  For his presentation he talked about why he is short K12 (LRN).  The presentation, which is embedded below, basically asserts that K12 is going to miss forward growth estimates and its grow at any cost mentality has harmed the students it tries to serve.  He thinks it will fall when it misses since its trading at nearly 50x trailing earnings.


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