Thesis-Completion Exit
A pre-named exit triggered when the original investment thesis has played out as written: the price has reached the base-case target, the catalyst has materialized, the variant perception has been priced in by the market. The discipline at thesis-completion is to scale out into strength rather than let the position round-trip to break-even on attachment or hope for a higher target. If the analyst genuinely believes the thesis has more room, the discipline is to write a NEW thesis with a NEW exit plan rather than improvising on the original one.
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Related terms
Absorption Rate · AFFO per Share · Allowed Return on Equity · Alternative Investments · Anchor Tenant · Assets Under Management
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