DXC Technology
Thesis
DXC Technology is undervalued due to the market not recognizing the growth potential of its Luxoft segment, which has a significant total addressable market. The company is trading at a deep discount compared to peers and historical valuations, and the turnaround under new management is expected to stabilize operations and improve financial performance.
Did it work?
The thesis for a long position in DXC Technology was based on the expectation of growth in the Luxoft segment and a turnaround under new management. However, the stock has declined by 56.7% over the 66 months since the pitch, indicating that the anticipated improvements in financial performance and market recognition did not materialize. This significant drop in price suggests that the market has not responded positively to the company's prospects as outlined in the thesis.
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