Amazon.com, Inc.
Thesis
Amazon was perceived as the most expensive stock in the portfolio, but it was actually the cheapest due to market mispricing of its margins. This highlights the potential for value in what may seem like a growth stock.
Did it work?
inconclusive
confidence: low
The thesis is a valuation argument — that Amazon was actually cheap because the market mispriced its margins — but no price performance and no elapsed time are provided, so there is no evidence the market re-rated the stock or that margin realization confirmed the mispricing claim. Without either a return figure or confirmation of the thesis's key events, the outcome cannot be judged.