This is completely insane. "Shorting the Higher Ed Bubble." Hedge funds are making a killing shorting for-profit colleges, student loan providers, textbook companies, and student housing REITs. It's clear from data; the student loan bubble is collapsing https://docs.wixstatic.com/ugd/e5490e_d28addc85ae047aaad8b22a8bfd002f8.pdf …
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Navient, Sallie Mae, Scholastic are all down over the past year while the market was up 15%; HMHC is down 34% in the past year.
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Not to sound ghoulish, but I'm very glad to hear this.
End of conversation
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That is what shorting does to overvalued assets, important corrective to those optimistic investors driving the bubble
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