What makes a good investment thesis?

A good investment thesis should present several solid and unique explanations of why this company would be a good investment. Some examples of drivers include

●A M&A roll-up strategy that is looking to buy companies at cheap multiples to accelerate growth

●Efficiency initiatives that seek to eliminate expenses which do not add value

The key to a good investment thesis is that the reasons should be unique to the company, and the argument should be well thought out so that you can answer any questions as the interviewer tries to probe if you truly understand the company’s drivers and the qualitative and quantitative details supporting them.