Farfetch
FTCH
pitch
long
Dickson Pau
Thesis
Farfetch is undervalued due to its strong economic moats, the market's overreaction to Amazon's entry into luxury goods, and its significant growth potential. The target price is set at $40, representing a 48% upside over three years.
Did it work?
failed
confidence: high
The stock price has decreased by 100% since the pitch, indicating a complete loss of value, which contradicts the long thesis that Farfetch was undervalued and had significant growth potential. Additionally, the target price of $40 was not achieved, and the company's performance has not aligned with the expectations set in the thesis.
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