Pinterest, Inc.
PINS
position
long
Bill Nygren, Harris Associates
Thesis
We purchased Pinterest after its stock fell significantly, believing that increased engagement during the pandemic would enhance its business value despite the drop in stock price.
Did it work?
failed
confidence: high
The stock price of Pinterest has decreased by 22.1% since the pitch, which contradicts the long thesis that anticipated an increase in business value due to heightened engagement during the pandemic. Given the significant decline in price, it indicates that the expected positive outcomes did not materialize.
Raw excerpt
No raw excerpt stored.