When I published the thesis on [hidden company name] in late January I did not expect it to play out that well. Post earnings, the stock has rocketed higher, hitting 70+ week highs on the highest weekly volume in at least 20 years. The reason is clear. When a stock is down more than 80% from its all time highs and priced for distress, not much has to go right for sentiment to turn. Accelerating revenue growth, significantly improved margins, lower debt and interest costs, and a renewed focus on shareholder returns have lifted the stock.
In this piece I will analyze the earnings report and break down my thoughts on the stock, my plan going forward and more.
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