Recent MII Pitches

ELF Beauty, Short

October, 2025

Aditya Bendre, Jason Lu, Vishruth Anugula, add Kishan Srinivasan pitched ELF Beauty short with two thesis points:

  1. $1B acquisition of Rhode has numerous fundamental flaws which the street continues to overlook

  2. Margin pressure from debt burden & tariffs forces price increase, eroding price-centered moat

    Read the pitch here: ELF Beauty Short.pdf

Dollar General, Long

April, 2025

Atharva Sapre, pitched Dollar General long with the following thesis:

  1. As management’s “Back to Basics” initiative progresses and macroeconomic pressures squeeze many consumers to trade-down to discount retailers, the market will once again view DG favorably

Read the pitch here: Dollar General Long.pdf

Rover.com, Long

April, 2023

Srimaan Bekkari, Elena Cattoni, and Darsh Ravada pitched Rover.com long with three main thesis points:

  1. Continued higher market share in a fragmented industry

  2. Strong marketing efficiency will lead to profitable growth

  3. Increased market penetration despite disintermediation

Read the pitch here: Rover Long.pdf