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P Pitch Archive Stock pitches across investing competitions
← Fall 2019

Daily Journal Corporation

DJCO pitch long Matthew Peterson, Peterson Capital Management

Thesis

The Daily Journal Corporation has significant hidden value in its technology business, which is expected to generate at least $150 million in recurring revenue over the next decade. With a current market cap of $300 million and substantial assets in real estate and cash, the market is undervaluing the company's potential. The SaaS business model offers high margins, and the company is positioned to achieve close to $40 million in EBITDA in the near future.

Did it work?

inconclusive confidence: low

No price performance or elapsed time is provided, so the return cannot be weighed against the long thesis. The core claims—roughly $150 million in recurring technology revenue over a decade and near-term EBITDA approaching $40 million—are multi-year targets that cannot be confirmed as played out or invalidated from the information given. Without evidence on the SaaS ramp, asset values, or the stock's trajectory, the thesis remains untested.