Aramark
Thesis
Aramark is undervalued due to market sentiment, with significant upside potential in its core catering and uniform businesses. The company has opportunities for operational improvements and activist involvement could accelerate value creation, leading to a potential 37% IRR over three years.
Did it work?
The pitch projected a 37% IRR over three years driven by operational improvement and potential activist involvement, but no price performance is available and the time elapsed since the pitch is unknown. Without knowing where the stock traded or how much of the stated three-year horizon has passed, there is no way to weigh the return against the thesis or confirm whether the catalysts (activist involvement, value creation) materialized within the pitch's own timeline. The verdict must therefore remain open.