The J.M. Smucker Company
SJM
position
long
Alex Roepers
Thesis
Smuckers is a resilient company that performs well even in challenging economic conditions, making it a strong candidate for investment during downturns. The company was acquired at a low valuation of 6-7x EBIT while still maintaining growth, which presents a compelling opportunity for long-term gains.
Did it work?
inconclusive
confidence: low
Without specific price performance data or a defined time horizon for the thesis, it's difficult to assess whether the investment thesis has played out. While the argument for Smuckers being resilient and undervalued is compelling, the lack of concrete outcomes or timeframes leaves the verdict uncertain.
Raw excerpt
No raw excerpt stored.