The Company is an education provider for more than 30 years and operates through subsidiaries: The University of Phoenix, Inc., Institute for Professional Development, The College for Financial Planning Institutes Corporation and Western International.
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This is one of my long time favorites, and luckily for value finders this stock tanked from a high.
Great ROE and profit margins stem from the fact that this business generates money with little expenditures... just the way Buffet likes it.
The nice thing is education is valued in both recessions and expansions: in recessions it's the way to get a leg up so that a job is attainable, in expansions it's just an extra credential. Brand name (University of Pheonix) is good.