You are surely kidding, COVID has affected business performance. The share price increases over the last few months has been FOMO and it's due for reality.. The Government hasn't announced any updates on students returning to Australia, plus international travel hasn't reopened.
If universities are struggling, get the hint that this business will be (they work with each other).
Great business, but the times ahead are unknown.
How do you know how COVID will affect countries such as India & China going forward in terms of travel/study.. the virus has halted the world and even when the borders reopen I don't think everyone will scramble to travel/study. It may take a few years to recover.
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