Heres another undervalued gem I though Id bring to SI for all to see. There are several factors which have contributed to the sharp decline from the 52 week high of 55. Such as weakness in the South American economy coupled with the recent passing of the CEO Jorge Mas Canosa. The new CEO Jorge Mas jr is now leading the company. He, as is late father had put it, "is more involved with the business than I have been". Jorge Mas Jr. knows the business in and out as well as or better than his father. Wall street IMO overreacted to these factors, thefore making the stock a bargain. Ive included a brief synopsis of the co.'s business, along with some other "good stuff".
MasTec provides cable-design, -installation, and -maintenance services. The company installs underground cable, manholes, fiber-optic cable, and local area networks. It markets its services primarily to telephone, cable-television, and utility-service customers in the United States and overseas. The company also installs traffic signals, highway communication systems, and wireless-communication-transmission towers. MasTec owns interests in the telephone companies of Argentina, Chile, and Peru. It also provides telecommunication-infrastructure services in Spain.
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