ASB Partners

$LRN I'm not saying this was behind the closing of LSOA, but to the extent to which Stride is able to move students to other existing schools w/o hiring more teachers, they might be able to get more leverage on their cost base in TX

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$LRN it appears that Stride is going to be able to enroll the students in K through 2 into other Stride-powered schools in Texas, which will further mitigate the loss of LSOA..good news ...kinda makes sense why they never 8-k'd this given LSOA was a big school

Does anyone know what is going on with the "correction" to the PR and the trading in the stock?

$SILC just landed a Design Win worth ~$10M by 2027 — that's ~12% of their current $80M+ revenue base... it's not even AI inference which is just additive on legacy server adapters...trading at 2x NTM rev

$FPH today at 12:00 PST (3:00 Eastern), the parties are supposed to get back to the court with a potential settlement. Where is everyone's bid/ask on this one? Headline damages are $2.5 billion v. EV of ~$900mm...feels assymetric

$LRN from Mythos why this really isn't a threat...here's the counter-argument for why this isn't a meaningful threat to Stride's (LRN) core business model: It's a tool for individual teachers, not a school. Claude for Teachers gives verified K-12 educators lesson-planning and differentiation support—it's a productivity layer for people who already work inside a school system. It doesn't provide accreditation, enrollment, state reporting, special education services, or per-pupil funding relationships, which are the operational backbone of Stride's virtual school business. It targets traditional classrooms, not virtual schooling as an alternative. The product is aimed at brick-and-mortar and general K-12 teachers looking to save planning time, not at parents seeking an alternative full-time schooling option. It doesn't compete for the "why would a family choose full-time virtual school" decision that drives Stride's enrollment. Stride runs the regulatory and funding infrastructure AI can't replicate. Stride's moat is built on charter authorizations, state-specific compliance, curriculum accreditation, and contractual relationships with school districts and states—none of which a teacher-facing AI assistant touches. Scale is still early and narrow. The rollout mentions a single pilot district (Detroit Public Schools) and is explicitly positioned as a free public-interest offering, not a commercial platform competing for school operating budgets. A school/district-wide offering is described as "coming soon," meaning there's no current product aimed at replacing school operators. Potential complement rather than substitute. If anything, tools like this could be adopted by Stride's own teachers to improve instructional efficiency and student outcomes within its existing virtual schools, making it a productivity tailwind rather than a competitive threat. One caveat worth flagging: this is business/competitive analysis, not investment advice—you'll want to weigh it against Stride's actual disclosures and how AI tools evolve over time, since this space is moving quickly

Good overview of TAM tailwinds for $LRN

As a target of multiple short reports over the years, this is incrementally good for the multiple of $LRN

$SILC This keeps aging well...remember if a small cap mgmt teams travels half way around the world to present at a conference they've never attended, it probably means they have something to talk about

This aged well

$SILC...reading the tea leaves has some value in small caps...first time Silicom is attending this conference...why in the middle of a war are they schlepping to CA to pitch to growth investors...Trades at .6x Rev and Q126 guidance is for 18% top line growth...

It just sounds like this stock is ready to revisit its ATHs assuming the October print goes back to trend

Recap of Stride Inc. $LRN Q326 earnings 1/x

Interesting read through for $LRN from troubles at a PA cyber school (not a Stride customer, but they do buy curriculum)...the Achilles heel of this industry is marketing so while anyone (private or a district) can start a school, it's a full time job to market and fill up enrollment, way beyond the pay grade of most public school districts