Senior, solid investing experience at fairly well-known firm, top public, aiming to get into whatever investing role will take me in 2020.
I'm currently working on a networking pitch that has become much more complicated than I expected. I now feel like I have a legitimately good understanding of the business. The problem is that my pitch has gotten a lot less compelling. It really wades into the weeds of industry dynamics, y'know all that shit. And some bear points I've come across I can't completely debunk, only mitigate. My upside has also come in, so all in all, less fun to read than before.
However, I think I absolutely fully display my ability to understand businesses through the pitch, and I absolutely display my ability to do in depth thinking and research. A short on the company is out from Bernstein, and I legitimately think I've done a good job I think of hitting back on a lot of their bear points.
So I'm asking - what do I do to make my pitch more compelling, and how do I get people to pay attention to it more? Can I realistically just omit some of the bear points that I really can't completely address? I can send my pitch (still rough) through PM if interested, and I would absolutely appreciate any help.
In addition, if anyone could really take a fine-tooth comb to my pitch after I'm done, I'd be eternally grateful.
Thanks WSO
Hey lakebeachadvisors, I'm the WSO Monkey Bot and I'm here since nobody responded to your thread! Bummer...could just be time of day or unlucky (or the question/topci is too vague or too specific). Maybe one of these topics will help:
Hope that helps.
Happy to take a quick look.
Although, I will caution against being too confident in your pitch if you don’t have real industry experience as it is extremely easy to come off as arrogant/clueless.
PM'd you!
Try to learn the basics about the fund you'ee sending to. If it's a credit fund, dont send a stock pitch. If it's a deep value shop, dont send a growthy, expensive FANG. And so on. This is why it's typically best to have at least 2 pitches in your pocket. Also because there's also a chance one of the ideas plays out and the upside runs out. It sucks, but no one said getting intonthis industry was easy.
Do you mind PM'ing me? I ran out of PMs.
I'll be interested in having a look
Do you mind PMing me? I ran out of PMs.
I will just assume you are doing a stock pitch here.
Pick growing mid caps instead of blue chips, make sure you get all the element of a stock pitch in place, inc but not limited to thesis, supporting data, what the market has priced and mis-priced, valuation with bull-bear case scenario, catalysts which realize the upside (very important), trade time horizon, what is the risk and thus the risk-reward. Always think from capital market perspective, but not keep on talking about how good the business is, a great company can be a shitty stock, a no.5 player in the industry can be the best stock in the sector.
Putting these basics aside, if you are considering doing a 2-/3-pager for the pitch, make sure you treat your format as serious as your CV: same font, font size, line color, make it in point form, etc. Show that you are a detail-minded junior. As long as the format is right, people will be more serious about it, because they know you are serious about it.
Re you question about omitting bear points, you should not omit them but to address them, if you cannot address them you have to think about changing to another pitch. Your network are professionals and should be able to spot these even if you did not put them in your stock pitch. It's about how solid your pitch is, and a pitch which is not solid is nothing.
Do you mind PMing me? I ran out of PMs.
Bump
Can take a look if you want.
Hi Dushane, https://docdro.id/WmGDuOO here it is. Any feedback is good ty! Whatever would make it more compelling.
I took a quick look, will have a closer look tomorrow. My initial reaction is that overall it is fairly well written, and it is clear you put a lot of work into it. So kudos. Complements aside, I think the two weakest areas of the writeup were the catalysts and risks sections.
Your catalysts aren't real, distinct catalysts. They are more or less just variations of earnings realization. For the risks, think about what needs to happen for your thesis to be proven wrong. I always find it helpful to put myself in the opposite mindset (i.e. a short pitch in this case) - what would need to happen for a short seller to be proven right on the company.
If you're reaching out to anyone half senior, start the write up with a CONCISE 3 paragraph summary. No one in a decision-making capacity has the time to read through 15 pages of your work. So your best best is to pique their interest in the first few sentences so they keep on reading.
I would say that focusing on "variant perception" will carch their attention more than a crazy, made-up100% upside potential.
Hi MMPM - Here it is. https://docdro.id/WmGDuOO I've made a lot of revisions after feedback and I put in a concise summary at the beginning. Please let me know if there's any feedback you have.
It's a little longer than 15 pages though lol.
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