Precision Castparts Corp

Thesis

The current price of $60 per share implies expectations that are unreasonably low, assuming a downturn twice as severe as that of 2001-2003 and an anemic recovery. My fair value estimate of $90 suggests that PCP can achieve a CAGR of 4-5% over the next decade, supported by management's historical ability to control costs and trim capacity during downturns.

Did it work?

Not yet analyzed

No outcome has been scored for this pitch yet, so there's no verdict to show.