Orion Marine Group, Inc.
OMI
pitch
long
Arnold Van Den Berg & Jim Brilliant
Thesis
Orion Marine is positioned to benefit from increased demand for marine construction due to the need for deeper ports in the U.S. and the upcoming projects from the Army Corps of Engineers. The stock is currently trading at approximately $13, which is about 40% above the buy point, but the target price is set at $20, indicating significant upside potential if purchased at lower prices.
Did it work?
failed
confidence: high
The stock price has decreased by 20.5% since the pitch, which contradicts the long thesis that anticipated significant upside potential. Given that the stock was expected to reach a target price of $20, the current performance indicates that the thesis did not materialize as expected.
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