Danaher Corporation
DHR
position
long
Gavin Baker, Atreides Management
Thesis
Danaher trades at a mid-single-digit free cash flow yield on still-depressed earnings near the trough of the cycle. The company has strong free cash flow conversion and a solid balance sheet, with the potential for EPS growth at an attractive rate for years to come as revenue growth and margins are expected to improve.
Did it work?
inconclusive
confidence: low
Without specific price performance data or a defined time frame since the pitch, it's difficult to assess whether the thesis has played out. The thesis highlights potential for EPS growth and improved margins, but without evidence of these developments or the stock's performance, we cannot draw a conclusion.
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