Vectrus, Inc.
VEC
pitch
long
Thesis
Vectrus is a defense contractor with sticky government contracts and a potential for margin expansion due to a fixed price structure on renewals. The company has a medium-term earnings power of $3 per share, and applying a 13x multiple gives a target valuation of close to $40 per share, while currently priced at $25.
Did it work?
inconclusive
confidence: low
While Vectrus has appreciated by 14% since the pitch, the time elapsed is unknown, making it difficult to assess whether this return aligns with the medium-term earnings power and target valuation outlined in the thesis. The thesis suggests a significant upside potential, but without knowing the time frame, we cannot determine if the thesis is on track or if this return is merely noise.
Raw excerpt
No raw excerpt stored.