NewMarket Corporation
NEU
position
long
Robert Robotti
Thesis
NewMarket is a low growth, mature business with significant barriers to entry and a strong competitive position. The company has shown improved earnings potential, generating approximately $12 per share annually, and has engaged in share buybacks, which enhances shareholder value.
Did it work?
worked
confidence: high
The stock price has increased by an extraordinary 5777.9%, which strongly supports the long thesis that NewMarket has a strong competitive position and improved earnings potential. The significant price appreciation indicates that the market has recognized the company's value and the effectiveness of its share buyback strategy. Given the magnitude of the return, it is clear that the thesis has played out successfully.
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