Oracle Corporation
Thesis
Oracle is an excellent business that is currently out of favor with the market. The company has evolved its revenue model to include a significant recurring revenue stream from Update & Support fees, which has grown substantially over the years. This shift enhances the stability and predictability of Oracle's earnings, making it an attractive investment at current prices around $30.
Did it work?
The stock price has increased by 381.3%, which significantly exceeds the initial price of around $30, confirming the thesis that Oracle is an excellent business with a stable and predictable revenue model. The substantial price appreciation indicates that the market has recognized the value of Oracle's evolving business model, validating the long position taken in the pitch.
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