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Posted by
Two Blokes Jul 25 -
Filed in
Stock
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McGraw Hill's IPO was underwhelming, priced below range due to concerns about AI disruption, positioning, and significant debt load. Despite risks, the company shows stable sales, resilient margins, and trades at a compelling 11–12x earnings multiple, making valuation attractive. Key risks remain: technological disruption from AI, the potential for more free content, and pressure on education budgets. However, leverage appears manageable.
