Research In Motion Limited
Thesis
Research in Motion is undervalued at $47, reflecting market skepticism about its ability to sustain earnings. The company has a strong return on equity, significant cash reserves, and generates substantial free cash flow, suggesting that the market is overly pessimistic about its future earnings potential.
Did it work?
The long thesis on Research in Motion has failed as the stock price has decreased by 81.4% since the pitch, indicating that the market's skepticism about the company's ability to sustain earnings was justified. Despite the initial belief in the company's strong fundamentals, the significant decline in price suggests that the anticipated earnings potential did not materialize. This outcome is definitive given the lengthy time elapsed since the pitch.
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