Harvey Norman Holdings, Ltd.
HVN
pitch
short
Arthur Brousseau ’19, Greg Doger de Speville ’19, and Neethling McGrath ’19
Thesis
The pitch suggests that Harvey Norman is facing challenges from changing consumer preferences and increased competition, which will adversely affect its sales and profitability.
Did it work?
worked
confidence: high
The thesis that Harvey Norman would face challenges from changing consumer preferences and increased competition has played out, as evidenced by the significant price decline of 54.1% over the 100 months since the pitch. This substantial drop in stock price aligns with the anticipated adverse effects on sales and profitability, confirming the short position taken in the pitch.
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