I am impressed with this company, and I like it a lot - I have been researching it for some time now, and today I have finally decided to take a position in to it after this last big dip. The share price may still run lower in the short term, but long term I think it will continue to make new highs. So I will keep buying the dips.
Grand Canyon Education offers graduate and undergraduate degree programs and certificates across colleges, and is headquarter in Phoenix, AZ.
To me the company's fundamentals look strong. And I believe universities will continue to play a vital role for decades to come. Shaping the educational landscape in a positive way.
I am involved in the educational industry myself, and I can only see positive things for the industry. Maybe I am bias, but this company will have a place in my long term portfolio going forward.
Looking into the numbers:
In the 2020 financial statements all I could see was a healthy company.
Gross Margins of over over 50% (58%)
Operating Margins of over 30% (32%)
$333,742,000 in current assets
$118,718,00 in current liabilities
(With a final score of 2.8, which is excellent in my book.)
Total shareholder equity of $1.574billion. (total assets - total liabilities)
EPS of $4.95
P/E ratio of 18
For me this is screaming BUY. Short term we may still see more of a pullback to test support areas, but like I said; this is a long term play for me and I will continue to add at lower prices.
Grand Canyon Education offers graduate and undergraduate degree programs and certificates across colleges, and is headquarter in Phoenix, AZ.
To me the company's fundamentals look strong. And I believe universities will continue to play a vital role for decades to come. Shaping the educational landscape in a positive way.
I am involved in the educational industry myself, and I can only see positive things for the industry. Maybe I am bias, but this company will have a place in my long term portfolio going forward.
Looking into the numbers:
In the 2020 financial statements all I could see was a healthy company.
Gross Margins of over over 50% (58%)
Operating Margins of over 30% (32%)
$333,742,000 in current assets
$118,718,00 in current liabilities
(With a final score of 2.8, which is excellent in my book.)
Total shareholder equity of $1.574billion. (total assets - total liabilities)
EPS of $4.95
P/E ratio of 18
For me this is screaming BUY. Short term we may still see more of a pullback to test support areas, but like I said; this is a long term play for me and I will continue to add at lower prices.