We believe that it is easier to be patient with an investment holding that declines in price when one intimately understands the investment holding. From that perspective, we want to give you our detailed investment thesis on Strayer so you can better understand why we continue to allocate a large percentage of the portfolio to this investment.
Related link: The Harkin Report on For-Profit Colleges
And if anyone has gone to Strayer or knows people who have gone there, teach there or work there, send me and email (email@example.com), as I'd love to get more information from people involved with Strayer. Thanks.