Magic Formula Investing (MFI) looks for stocks with low valuations (measured by high earnings yield) of excellent companies (measured by high returns on tangible capital). So it is no surprise that the formula is in love with the for-profit education… More
With only a few exceptions, the for-profit education sector is doomed, especially those which are heavily dependent on online revenue. Ultimately their doom won't be attributable to government intervention; that might just speed up the inevitable.… More