Meta Platforms, Inc.
FB
position
long
Christopher Bloomstran, Semper Augustus
Thesis
Despite the high amount spent on share repurchases, the stock is currently undervalued at $97 compared to previous repurchase prices. The company has a strong profit generation capability, which could lead to a recovery in stock price.
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 suggests that the stock is undervalued and could recover, but without knowing how the stock has performed or any developments in the company's profit generation, we cannot draw a conclusion.
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