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The general structure of a stock pitch is relatively consistent across the board, broken down into the following sections: Investment Summary. Industry & Company Overview. Catalysts. Risks & Mitigants. Valuation. Final Recommendation.
Even if you don't have a formal stock pitch take-home assignment, it's still highly recommended that you practice talking about the stock you will talk about, if asked. Give a high level summary of the investment and describe the company's growth prospects, key risks, and mitigants. Be prepared to go deep if pressed.
We recommend the following structure: Long or short, current share price, the percentage by which it's mispriced, and the top 2-3 reasons why the stock price will change in the next 6-12 months. Two or three potential catalysts that will cause the stock price to change in the next 6-12 months.
For interview purposes, you should prepare 2-3 ideas ? at least 1 Long and 1 Short ? and you can adapt them to different funds as necessary (e.g., you could recommend underweighting your Short pick if you interview at a long-only fund). If you follow this guide, you should have a good start on those first 2-3 pitches.
The classic structure that a stock pitch should follow includes: stock recommendation, company overview, investment thesis, catalyst, valuation and returns, risks, and mitigating factors. A good stock pitch will articulate the investment thesis to investors in a concise and convincing manner.