2. Talk about company Intel, Investment thesis: in efficient markets, there is no debate about mispriced stocks. In the investment thesis, you have to convince the reader that you have discovered something that everyone else is missing. For instance,

   1. Does the company have a competitive advantage in its cost structure that will allow it to perform better in the future?

   2. Is there an upcoming event that will benefit the company over its rivals (e.g., the company just got a new drug approved that could be used to treat other diseases)?

   3. The company has been manipulating its financial statements.

   4. The company sells itself as a tech firm to justify its high PE ratio, but its core business relates more to the traditional car industry. It should trade at far lower

      multiples.

   5. Etc.