Sequential Brands Group, Inc.
SQBG
pitch
long
Jon Salinas
Thesis
SQBG recently acquired Martha Stewart Living Omnimedia, which has a profitable licensing business that is underfollowed and undervalued. The company has opportunities to expand its licensing deals and international presence, and on a pro forma basis, it could earn $0.80-$1 per share, making it an attractive buy at under $8.
Did it work?
worked
confidence: high
The stock price increased by 256.4%, significantly exceeding the target price range of $0.80-$1 per share on a pro forma basis. This substantial return indicates that the market has recognized the value of SQBG's acquisition of Martha Stewart Living Omnimedia and the potential for growth in its licensing business. The thesis dynamics have played out positively, confirming the investment thesis.
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