$COUR (I like the odds)
I took a decent-sized position in Coursera around $5.25 because the risk/reward down here looks pretty wild. The drop under $5 recently was mostly 11M shares being dumped by one fund. Baillie Gifford filed on Monday confirming they completely exited their position to 0 before Q3 closed on Sept 30th. Meanwhile, Coursera had $982M in cash and short-term treasuries with zero debt, which is literally $3.43 a share in cold cash backing a ~$5.15 stock. An activist fund (Pale Fire) quietly stepped in and bought up millions of shares during that dump, and Coursera's buyback desk is soaking up shares under a $500M program. Ahead of Q3 earnings on October 29th, Wall Street is still dividing numbers by an inflated share count that hasn't factored in the summer buybacks, so an EPS beat on the denominator alone is very realistic while paying .34x EV/Sales for the core business. Curious what the bear case is here outside of generic "AI kills homework."