Should You Think About Buying G8 Education Limited (ASX:GEM) Now?

While G8 Education Limited (ASX:GEM) might not be the most widely known stock at the moment, it led the ASX gainers with a relatively large price hike in the past couple of weeks. As a stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock. But what if there is still an opportunity to buy? Let’s take a look at G8 Education’s outlook and value based on the most recent financial data to see if the opportunity still exists.

See our latest analysis for G8 Education

Is G8 Education still cheap?

Good news, investors! G8 Education is still a bargain right now. My valuation model shows that the intrinsic value for the stock is A$1.30, which is above what the market is valuing the company at the moment. This indicates a potential opportunity to buy low. What’s more

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After six months of remote learning, tech for students still a work in progress, limited by funding | Education

The shift to remote learning over a weekend in March meant Manchester had to make sure every student had a computer to use for schoolwork.

Six months later, it’s still a work in progress, said Stephen Cross, the school district’s chief information officer.

At the beginning of 2020, Manchester was a “two-to-one” district — two students to one computer, he said. Cross had replaced thousands of outdated laptops before the pandemic and has purchased thousands more, but some students are still waiting.

“We have 3,100 Chromebooks on order, and we have no idea when we’re going to get those,” he said. 

Some schools had a surplus of Chromebooks, so Cross engineered a way to loan some of those schools’ devices to other schools.

“That’s how we’ve been getting devices into the hands of families, moving things around,” Cross said. “We had to scrounge. It was ‘do whatever we can,’ to

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