WuXi AppTec Co., Ltd.
Thesis
Julian Robertson loves WuXi, a Chinese employment agency for PhDs in the drug industry, as it disintermediates the pharmaceutical-focused PhD market and is experiencing earnings growth of about 20% a year while selling at 10x earnings.
Did it work?
inconclusive
confidence: low
No price performance data is available and the time elapsed since the pitch is unknown, so there is no way to weigh the return against the long thesis or its horizon. The thesis rests on claims (Julian Robertson's endorsement, ~20% annual earnings growth, a 10x earnings valuation) whose subsequent validation or breakdown cannot be verified from the information given. Without either price data or confirmation of the thesis's specific catalysts, no verdict on success or failure is possible.