E.W. Scripps Company
Thesis
E.W. Scripps has a history of investing in long-term growth opportunities, such as the development of Scripps Network Interactive, which has proven successful despite initial losses. The company's management has shown a willingness to endure short-term profit declines for the sake of building a valuable business over time.
Did it work?
The pitch is a qualitative management-quality argument — that Scripps' willingness to absorb short-term losses for long-term growth (as with Scripps Network Interactive) will create value — with no stated catalyst, price target, or time horizon. With no price performance data and no elapsed time provided, there is no way to measure whether the investment outcome matched the long thesis. The historical precedent cited is consistent with the thesis but does not by itself confirm that the stock performed.