Genuine Parts Company
GPC
pitch
long
Lauren Harmon, Derek Johnson, Adam Kommel
Thesis
We recommend investors buy Genuine Parts Company (GPC) with a two year price target of $127, representing a total return of 45%. The investment thesis is based on the strength of the automotive parts segment, a Reverse Morris Trust merger with United Stationers for the office segment, and a tax-free spin of the industrials and electrical parts segments.
Did it work?
failed
confidence: high
The investment thesis for Genuine Parts Company (GPC) was based on a two-year price target of $127, which represented a total return of 45%. However, after 136 months, the stock has only returned +41.9%, which is below the expected return and does not meet the target set in the thesis. Therefore, the thesis has failed to deliver the anticipated results.
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