Owens-Illinois, Inc.
Thesis
The market is currently undervaluing Owens-Illinois due to a focus on short-term earnings rather than its long-term earnings potential. The company is expected to earn $3.00 per share in 2012 and $3.40 the following year, with a strong earnings power exceeding $4. This suggests that the share price could potentially double within the next year.
Did it work?
The pitch is a long thesis on Owens-Illinois predicated on 2012 EPS of ~$3.00, 2013 EPS of ~$3.40, and a potential doubling of the share price within one year. However, no price performance data is provided and the time elapsed since the pitch is unknown, so neither the earnings trajectory nor the price target can be verified. Without evidence that the thesis events occurred or failed, no verdict on the outcome is possible.