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Boardriders

null position long Ray Kennedy, Hotchkis & Wiley

Thesis

Boardriders, the parent company of Quiksilver, has valuable brand equity, which allows them to charge premium prices for their products despite challenges in the retail sector.

Did it work?

inconclusive confidence: low

No price performance data is available and the time elapsed since the pitch is unknown, so there is no way to measure whether the long thesis on Boardriders' brand equity translated into value. The thesis is also qualitative (premium pricing power despite retail challenges) without specific, verifiable catalysts that can be confirmed or invalidated. With neither a return figure nor thesis events to assess, no judgement on success or failure is possible.