Re: Brain/Brawn Last Mile Plays -- Dycom Industries
"Dycom Industries (DY) -- The king of the domestic market. I had a position in DY until it ran up so fast I sold it (too soon as usual). I want to get back in, but got spoiled when I got them so low before."
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Dycom Industries, Inc. -- The telecommunications industry dials Dycom Industries for engineering assistance. Dycom gets 90% of its business from telecommunications services, including the design, installation, and maintenance of fiber-optic, coaxial, and copper cable systems for local and long-distance phone companies and cable television operators. The company also provides inside wiring services for businesses and government agencies, installs and maintains electrical lines, and locates underground utilities. Dycom's major customers include BellSouth and Comcast, which together account for almost half of sales.
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Thread,
Strictly in the FWIW category, apparently DY is having some sort of highly unusual blip in their stock price today. It's very puzzling to me because their 4th quarter (yr ending 7/99) is usually their best and they should be announcing any day now.
I've always had a lot of confidence in their management and with today's stock price debacle, management even went so far as to do a press release.
I have personally talked to the CEO a couple of times and he seems like a very straight shooter. I really enjoyed talking to him because he simply just tells it like it is. They recently priced a stock offering at $48/share. So obviously they did not forecast this stock price problem. The offering would have been a dilution of 10% plus, but that was old news.
Anyway, just thought I would pass it on since it's one angle I've always been interested in as a Last Mile bandwidth infrastructure play.
MikeM(From Florida)
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