Tweet
You know, I never get bored with making money in the stock market. That’s a good thing, because it seems like that’s all I do, and it would suck if I was bored.
Today I sold MTZ at 36.45. That’s a 15% gain over my purchase price of 31.58. Over the same period, the S&P 500 was up 10%. What’s better, 10% or 15%? I think I’ll take 15%.
$$$MR. MARKET$$$ did it again. That makes 32 consecutive profitable trades of 15% or better. That’s the same number of ounces in a quart. How come they don’t sell beer in quart bottles anymore at Troy’s in West Philly? I used to drink those quart bottles and walk around campus in hospital pants and clogs…you?
Did you buy MTZ and make monies? You? YOU?? YOU??? Do you have 32 consecutive profitable trades of 15% or better? YOU?? YOU???!!
I am HUGE! Bring me your finest meats and cheeses.
When $$$MR. MARKET$$$ took the SAT, he wrote down "$$$MR. MARKET$$$" for every answer and he scored a 2400. $$$MR. MARKET$$$ invented black. In fact, he invented the entire spectrum of visible light. $$$MR. MARKET$$$ has the greatest Poker-Face of all time. He won the 1983 World Series of Poker, despite holding only a Joker, a Get out of Jail Free Monopoly card, a 2 of clubs, 7 of spades and a green #4 card from the game UNO. On his birthday, $$$MR. MARKET$$$ randomly selects one lucky child to be thrown into the sun. $$$MR. MARKET$$$ ordered a Big Mac at Burger King, and got one. If you Google search "Who is a better stock picker than $$$MR. MARKET$$$" you will generate zero results. The show Survivor had the original premise of putting people on an island with $$$MR. MARKET$$$. There were no survivors, and nobody is brave enough to go to the island to retrieve the footage. It takes $$$MR. MARKET$$$ 20 minutes to watch 60 Minutes.
Look…I am trying to be a nice guy. I’m sharing my picks with you. Did you tell anyone else about my website? Do it right now. You want more picks don’t you? You? YOU?? YOU??
Bring me your finest meats and cheeses!
I am HUGE!!
$$$MR. MARKET$$$
================================================== ============================
05-25-2013, 06:46 PM #1 mrmarket's Avatar mrmarket mrmarket is online now
Join Date
Sep 2003
Posts
4,601
Default MTZ ==> The West Philadelphia Winner
What does Roberto Duran….
…have in common with Jorge Mas? Not much. Unlike Roberto, Jorge Mas could have said “No Mas” also. Instead, this is his inspiring story:
In 1929, two unemployed carpenters – Russell Burnup and Riley Sims – envisioned creating a construction company that would serve the growing telecommunications and civil construction market in Florida and, eventually, the Southeast. With a handshake and their mutual trust, they formed their firm. They called it Burnup & Sims, letting their names and reputations represent the company.
From those humble beginnings in the depths of the Great Depression, Burnup
& Sims grew into a construction powerhouse. The company built telephone networks throughout the nation, as well as in the Middle East and the Pacific Islands, laid the first underwater telephone cable from Florida to Puerto Rico, and built nearly one-fourth of the country's cable television systems.
In 1969, Church & Tower, an underground utility construction firm, recruited Cuban immigrant Jorge Mas Canosa to bring discipline, focus and leadership to the company. Hardworking and driven by the fundamental belief that a person could succeed by capitalizing on opportunities, Mas Canosa saw Church & Tower playing a vital role in South Florida's economic boom and it's need for reliable telecommunications infrastructure. Mas Canosa forged a relationship with a regional telephone company by demonstrating Church & Tower's cost-effective and expedient construction techniques. The telephone company awarded Church & Tower a long-term contract to install and repair underground phone lines throughout greater Miami and Fort Lauderdale. In 1971, Mas Canosa bought Church & Tower.
Jorge Mas Canosa had a strong sense of family and encouraged his three sons' involvement in Church & Tower. Under Mas Canosa's tutelage, his sons learned the business so well that he turned the company over to his eldest son, Jorge Mas, with his two other sons also holding vital roles in the business. With this new, younger leadership, Church & Tower achieved unprecedented growth. Customers embraced the firm's innovative methods and began looking to them for service and guidance beyond the company's traditional geographic reach.
Church & Tower's leadership realized that to serve the national telecommunications giants that would emerge from the industry's deregulation, the company needed to grow. The Mas family saw South Florida-based Burnup & Sims as a major player in many markets, but also as a company struggling to define its culture and vision for the future. Under Jorge Mas' guidance, the two companies became one. On March 11, 1994, publicly traded Burnup & Sims acquired Church & Tower. Jorge Mas became the company's president and his father became the chairman, and the name was changed to MasTec.
NO MAS INDEED!
As a leading infrastructure construction company for communication and power companies, utilities, and governments throughout the United States, MasTec designs, builds, installs, and maintains infrastructures – the backbone of our nation's economy. With these four principles, MasTec has served their customers by keeping pace with the deployment and maintenance of new technologies. I bet you’ve never even heard of this company before. Well you have now.
Yesterday I bought stock in MasTec (MTZ) at 31.58. I will sell it in 4 – 6 weeks at 36.41. Here’s why I like MTZ:
I really love this chart. It is slow and steady making money for all of its loyal shareholders as the company continues to make America strong.
MasTec, Inc., an infrastructure construction company, engages in the engineering, building, installation, maintenance, and upgrade of energy, utility, and communications infrastructure primarily in North America. The company builds natural gas, crude oil, and refined product transport pipelines; underground and overhead distribution systems, including trenches, conduits, and cable and power lines, which provide wireless and wireline communications; electrical power generation, transmission, and distribution systems; renewable energy infrastructure comprising wind and solar farms; and compressor and pump stations, and treatment and heavy industrial plants. It also installs electrical and other energy distribution and transmission systems, power generation facilities, buried and aerial fiber optic cables, coaxial cables, copper lines, and satellite dishes in various environments. In addition, the company provides maintenance and upgrade support services, such as the maintenance of distribution facilities; and networks and infrastructure, including natural gas and petroleum pipelines, wireless, power generation, and electrical distribution and transmission infrastructure, as well as routine replacements and upgrades, and overhauls. Further, it offers emergency services for accidents or storm damage. The company’s customers include public and private energy providers, pipeline operators, wireless service providers, satellite and broadband operators, local and long distance carriers, and government entities. If you believe in America, you have to believe in MasTec as an investment.
Now of course the stock has run, that’s why I like it. But continued growth potential will support further upside from here. The best momentum is in the electrical transmission business where this developer of electric power systems is ramping up on several of the large projects it recently won. Furthermore, it still seems well positioned to win additional work, which could drive upside to management's guidance in 2013.
Visibility in the pipeline business also seems to be improving as management seems optimistic about several sizable long-haul opportunities it’s tracking, which tend to carry structurally higher margins and could support a more favorable pricing environment over time. Its biggest customers are the likes of AT&T and DirecTV. AT&T spending seems set to re-accelerate in 2013, and MasTec is gradually building out its wireless presence for additional carriers in more U.S. states, which could drive incremental growth opportunities as soon as this year. The company is expected to witness above-average growth in earnings that will result from lucrative wireless and electricity transmission projects.
Certainly, MasTec is aiming to capitalize on favorable trends in the wireless networking market, as well as the planned enhancement of natural gas output in the U.S., and "smart grid" construction (the much needed modernization of the national electric grid).
The development of natural gas and petroleum pipeline infrastructure, the expansion of the wireless infrastructure, and increased electrical transmission capacity and solar farms will be areas of high investment. It translates into double-digit organic growth and earnings-per-share growth in excess of 20%.
The trailing 12-month free cash flow yield is approximately 6%. Estimates from ANAL-ysts have steadily been climbing. So basically you have a company with 20% plus earnings growth over the next couple of years trading at about 14 times 2013 estimates. It’s an outstanding value. The good news is that their customers are not going to all of a sudden stop spending because their yoga pants are see through. This work needs to be done. The backlog is growing and it won’t dry up soon. The market cap of the company is a little more than $2.4 billion. Big enough to put it’s feet up on the coffee table, but not too big to grow.
MasTec is consistently ranked among the top specialty contractors by Engineering News-Record – ranked #3 in 2012. MasTec has a high-quality, diversified customer base, served by 12,300 employees across more than 400 locations. The Company has grown from $932 million in revenue in 2007 to $3.73 billion in 2012 (CAGR 32%).
They have transformed themselves over this period from a company with revenues derived from 99% communications business with their largest customer representing 42% of their business to a much more diversified company.
Earnings have grown from $53 million in 2007 to estimates of $332 million in 2013 which represents CAGR of 41%. Even while their revenues and earnings have grown, so has the backlog of work already booked.
Backlog in 2007 was $1.1 billion. In 2012, their backlog is $3.4 billion. Plenty of time to feast at the table.
MTZ now has significant scale in all major markets served
Petroleum, natural gas liquids and gas pipeline & facilities
Electrical transmission
Power generation and Industrial
Natural gas turbine power plants, solar, wind, biofuel / biomass
Natural gas / petroleum processing plants and compressor stations, industrial processing plants
Communications
Wireless
Install-to-the-home / DirecTV
The company believes that each of the key markets is capable of being a $1 billion+ business – over time MasTec believes it is a top tier contractor in all of the markets served. This diversification means that all markets do not need to perform well for MasTec to do well!
The domestic shale boom has become MasTec’s largest business with active bidding environment and new awards. They have a balanced portfolio with well over 50% from shale basins and other mid-stream projects and strong presence in all major shale basins with the ability to perform work throughout North America.
The U.S. and Canada will need 28,900 to 61,900 miles of additional natural gas pipeline by 2030 and over $250 billion of total capital expenditures required over the next 25 years to support U.S. infrastructure. This is crazy money. CRAZY MONEY!
Their 10 customers now make up 64% of total revenue and Nine of Top 10 customers were investment grade. This means that Mastech can expand with their customers – and just go along for the ride.
Natural gas could attract as much as $386 billion in investments by 2035 and create 3.2 million person-years of employment.
Outlook 2013 is all about execution, significant margin improvement and continued strong cash flow 2013 Forecast is $3.9 billion – $4.0 billion in revenue with $410MM – $420MM of EBITDA.
5% – 7% revenue growth and 23% – 27% EBITDA growth while expanding the 2012 EBITDA margin from 8.9% to a 2013 EBITDA margin of 10.5%.
Growth and tightening market for pipeline construction should generate more revenue at higher margins
The latest earnings report reflect all of these trends in the numbers. In black and white..no lies, no bluster. MTZ is the real deal.
Record First Quarter Revenue-an Increase of 24%, with 19% Organic, Non-acquisition Growth
Continuing Operations Adjusted EBITDA of $79 Million- an Increase of 61%
Continuing Operations Adjusted EBITDA Margin of 8.6%- a 190 Basis Points Improvement
Continuing Operations Adjusted Diluted EPS of $0.27 versus $0.14 Last Year- an Increase of 93%
2013 Continuing Operations Adjusted EBITDA Now Forecast at $425 Million
Revenue for the 2013 first quarter was $919 million compared to $738 million for the first quarter of 2012, an increase of 24%. The first quarter organic, or non-acquisition, revenue growth rate was 19% and was led by growth in oil and gas pipeline and facilities, electrical transmission and wireless construction.
First quarter 2013 continuing operations diluted earnings per share was $0.23 compared to $0.14 for the first quarter of 2012, an increase of 64%. First quarter 2013 continuing operations adjusted EBITDA margin was 8.6% compared to 6.7% last year.
For the second quarter of 2013, the Company expects revenue of approximately $950 million. Second quarter 2013 continuing operations EBITDA is estimated to be $103 million with continuing operations diluted earnings per share of approximately $0.42. Second quarter continuing operations EBITDA margin is currently estimated to be 10.8%. What a stud company.
Don’t say “No Mas!”…listen to what Jose Mas had to say:
Jose R. Mas, MasTec's Chief Executive Officer, commented, "MasTec had an excellent first quarter. We exceeded all of our estimates for revenue, EBITDA, net income and earnings per share. In summary, we had a record revenue, record EBITDA and a very strong start to the year. Revenue growth was broad-based, with growth across all of our segments with the exception of our renewable power generation business. We are fortunate to be in industries where demand for our services is high. We are experiencing increased opportunities across most of our segments, and our focus today is executing on those opportunities over both the short and long term. As a result, we are heavily investing in our business and gearing up for what we believe to be a very active and exciting future.
To recap, we are off to a great start. We've got strong backlog to support what we believe will be another record year of revenue and earnings. We're investing in our business for both short- and long-term growth. And quite frankly, we've never had the number or the quality of opportunities we are now enjoying.”
Regarding the oil and gas business, he said:
“I think the market is going to give us the opportunity to grow especially within that segment, in particular, a lot more than 10%. So can we grow the business 40%, 50% this year? The answer is maybe, right, depending on when projects get awarded, when projects start. Depending on how much we grow it next year off of that base will obviously depend on the kind of growth rates that we can experience in the future. But we're not building and making the investments that we're making for what we think will be a 10% growth business next year. But obviously, we think we can grow with it at strong double digits. Now overall as a company, the kind of guidance that we've given in the past is we think we can grow the business at an organic level at close to double digits. Some of those businesses will grow faster than others, and obviously between transmission, oil and gas pipeline and wireless, they're going to carry the growth of this business for the foreseeable future.”
Like Sugar Ray, I am going to throw a bolo punch at the stock market with my purchase of MTZ shares. I will be bringing so much money to my bank that they will say “No Mas! No Mas!”
I am HUGE!
$$$MR. MARKET$$$
Last edited by mrmarket; 06-26-2013 at 10:35 PM.
Today I sold MTZ at 36.45. That’s a 15% gain over my purchase price of 31.58. Over the same period, the S&P 500 was up 10%. What’s better, 10% or 15%? I think I’ll take 15%.
$$$MR. MARKET$$$ did it again. That makes 32 consecutive profitable trades of 15% or better. That’s the same number of ounces in a quart. How come they don’t sell beer in quart bottles anymore at Troy’s in West Philly? I used to drink those quart bottles and walk around campus in hospital pants and clogs…you?
Did you buy MTZ and make monies? You? YOU?? YOU??? Do you have 32 consecutive profitable trades of 15% or better? YOU?? YOU???!!
I am HUGE! Bring me your finest meats and cheeses.
When $$$MR. MARKET$$$ took the SAT, he wrote down "$$$MR. MARKET$$$" for every answer and he scored a 2400. $$$MR. MARKET$$$ invented black. In fact, he invented the entire spectrum of visible light. $$$MR. MARKET$$$ has the greatest Poker-Face of all time. He won the 1983 World Series of Poker, despite holding only a Joker, a Get out of Jail Free Monopoly card, a 2 of clubs, 7 of spades and a green #4 card from the game UNO. On his birthday, $$$MR. MARKET$$$ randomly selects one lucky child to be thrown into the sun. $$$MR. MARKET$$$ ordered a Big Mac at Burger King, and got one. If you Google search "Who is a better stock picker than $$$MR. MARKET$$$" you will generate zero results. The show Survivor had the original premise of putting people on an island with $$$MR. MARKET$$$. There were no survivors, and nobody is brave enough to go to the island to retrieve the footage. It takes $$$MR. MARKET$$$ 20 minutes to watch 60 Minutes.
Look…I am trying to be a nice guy. I’m sharing my picks with you. Did you tell anyone else about my website? Do it right now. You want more picks don’t you? You? YOU?? YOU??
Bring me your finest meats and cheeses!
I am HUGE!!
$$$MR. MARKET$$$
================================================== ============================
05-25-2013, 06:46 PM #1 mrmarket's Avatar mrmarket mrmarket is online now
Join Date
Sep 2003
Posts
4,601
Default MTZ ==> The West Philadelphia Winner
What does Roberto Duran….
…have in common with Jorge Mas? Not much. Unlike Roberto, Jorge Mas could have said “No Mas” also. Instead, this is his inspiring story:
In 1929, two unemployed carpenters – Russell Burnup and Riley Sims – envisioned creating a construction company that would serve the growing telecommunications and civil construction market in Florida and, eventually, the Southeast. With a handshake and their mutual trust, they formed their firm. They called it Burnup & Sims, letting their names and reputations represent the company.
From those humble beginnings in the depths of the Great Depression, Burnup
& Sims grew into a construction powerhouse. The company built telephone networks throughout the nation, as well as in the Middle East and the Pacific Islands, laid the first underwater telephone cable from Florida to Puerto Rico, and built nearly one-fourth of the country's cable television systems.
In 1969, Church & Tower, an underground utility construction firm, recruited Cuban immigrant Jorge Mas Canosa to bring discipline, focus and leadership to the company. Hardworking and driven by the fundamental belief that a person could succeed by capitalizing on opportunities, Mas Canosa saw Church & Tower playing a vital role in South Florida's economic boom and it's need for reliable telecommunications infrastructure. Mas Canosa forged a relationship with a regional telephone company by demonstrating Church & Tower's cost-effective and expedient construction techniques. The telephone company awarded Church & Tower a long-term contract to install and repair underground phone lines throughout greater Miami and Fort Lauderdale. In 1971, Mas Canosa bought Church & Tower.
Jorge Mas Canosa had a strong sense of family and encouraged his three sons' involvement in Church & Tower. Under Mas Canosa's tutelage, his sons learned the business so well that he turned the company over to his eldest son, Jorge Mas, with his two other sons also holding vital roles in the business. With this new, younger leadership, Church & Tower achieved unprecedented growth. Customers embraced the firm's innovative methods and began looking to them for service and guidance beyond the company's traditional geographic reach.
Church & Tower's leadership realized that to serve the national telecommunications giants that would emerge from the industry's deregulation, the company needed to grow. The Mas family saw South Florida-based Burnup & Sims as a major player in many markets, but also as a company struggling to define its culture and vision for the future. Under Jorge Mas' guidance, the two companies became one. On March 11, 1994, publicly traded Burnup & Sims acquired Church & Tower. Jorge Mas became the company's president and his father became the chairman, and the name was changed to MasTec.
NO MAS INDEED!
As a leading infrastructure construction company for communication and power companies, utilities, and governments throughout the United States, MasTec designs, builds, installs, and maintains infrastructures – the backbone of our nation's economy. With these four principles, MasTec has served their customers by keeping pace with the deployment and maintenance of new technologies. I bet you’ve never even heard of this company before. Well you have now.
Yesterday I bought stock in MasTec (MTZ) at 31.58. I will sell it in 4 – 6 weeks at 36.41. Here’s why I like MTZ:
I really love this chart. It is slow and steady making money for all of its loyal shareholders as the company continues to make America strong.
MasTec, Inc., an infrastructure construction company, engages in the engineering, building, installation, maintenance, and upgrade of energy, utility, and communications infrastructure primarily in North America. The company builds natural gas, crude oil, and refined product transport pipelines; underground and overhead distribution systems, including trenches, conduits, and cable and power lines, which provide wireless and wireline communications; electrical power generation, transmission, and distribution systems; renewable energy infrastructure comprising wind and solar farms; and compressor and pump stations, and treatment and heavy industrial plants. It also installs electrical and other energy distribution and transmission systems, power generation facilities, buried and aerial fiber optic cables, coaxial cables, copper lines, and satellite dishes in various environments. In addition, the company provides maintenance and upgrade support services, such as the maintenance of distribution facilities; and networks and infrastructure, including natural gas and petroleum pipelines, wireless, power generation, and electrical distribution and transmission infrastructure, as well as routine replacements and upgrades, and overhauls. Further, it offers emergency services for accidents or storm damage. The company’s customers include public and private energy providers, pipeline operators, wireless service providers, satellite and broadband operators, local and long distance carriers, and government entities. If you believe in America, you have to believe in MasTec as an investment.
Now of course the stock has run, that’s why I like it. But continued growth potential will support further upside from here. The best momentum is in the electrical transmission business where this developer of electric power systems is ramping up on several of the large projects it recently won. Furthermore, it still seems well positioned to win additional work, which could drive upside to management's guidance in 2013.
Visibility in the pipeline business also seems to be improving as management seems optimistic about several sizable long-haul opportunities it’s tracking, which tend to carry structurally higher margins and could support a more favorable pricing environment over time. Its biggest customers are the likes of AT&T and DirecTV. AT&T spending seems set to re-accelerate in 2013, and MasTec is gradually building out its wireless presence for additional carriers in more U.S. states, which could drive incremental growth opportunities as soon as this year. The company is expected to witness above-average growth in earnings that will result from lucrative wireless and electricity transmission projects.
Certainly, MasTec is aiming to capitalize on favorable trends in the wireless networking market, as well as the planned enhancement of natural gas output in the U.S., and "smart grid" construction (the much needed modernization of the national electric grid).
The development of natural gas and petroleum pipeline infrastructure, the expansion of the wireless infrastructure, and increased electrical transmission capacity and solar farms will be areas of high investment. It translates into double-digit organic growth and earnings-per-share growth in excess of 20%.
The trailing 12-month free cash flow yield is approximately 6%. Estimates from ANAL-ysts have steadily been climbing. So basically you have a company with 20% plus earnings growth over the next couple of years trading at about 14 times 2013 estimates. It’s an outstanding value. The good news is that their customers are not going to all of a sudden stop spending because their yoga pants are see through. This work needs to be done. The backlog is growing and it won’t dry up soon. The market cap of the company is a little more than $2.4 billion. Big enough to put it’s feet up on the coffee table, but not too big to grow.
MasTec is consistently ranked among the top specialty contractors by Engineering News-Record – ranked #3 in 2012. MasTec has a high-quality, diversified customer base, served by 12,300 employees across more than 400 locations. The Company has grown from $932 million in revenue in 2007 to $3.73 billion in 2012 (CAGR 32%).
They have transformed themselves over this period from a company with revenues derived from 99% communications business with their largest customer representing 42% of their business to a much more diversified company.
Earnings have grown from $53 million in 2007 to estimates of $332 million in 2013 which represents CAGR of 41%. Even while their revenues and earnings have grown, so has the backlog of work already booked.
Backlog in 2007 was $1.1 billion. In 2012, their backlog is $3.4 billion. Plenty of time to feast at the table.
MTZ now has significant scale in all major markets served
Petroleum, natural gas liquids and gas pipeline & facilities
Electrical transmission
Power generation and Industrial
Natural gas turbine power plants, solar, wind, biofuel / biomass
Natural gas / petroleum processing plants and compressor stations, industrial processing plants
Communications
Wireless
Install-to-the-home / DirecTV
The company believes that each of the key markets is capable of being a $1 billion+ business – over time MasTec believes it is a top tier contractor in all of the markets served. This diversification means that all markets do not need to perform well for MasTec to do well!
The domestic shale boom has become MasTec’s largest business with active bidding environment and new awards. They have a balanced portfolio with well over 50% from shale basins and other mid-stream projects and strong presence in all major shale basins with the ability to perform work throughout North America.
The U.S. and Canada will need 28,900 to 61,900 miles of additional natural gas pipeline by 2030 and over $250 billion of total capital expenditures required over the next 25 years to support U.S. infrastructure. This is crazy money. CRAZY MONEY!
Their 10 customers now make up 64% of total revenue and Nine of Top 10 customers were investment grade. This means that Mastech can expand with their customers – and just go along for the ride.
Natural gas could attract as much as $386 billion in investments by 2035 and create 3.2 million person-years of employment.
Outlook 2013 is all about execution, significant margin improvement and continued strong cash flow 2013 Forecast is $3.9 billion – $4.0 billion in revenue with $410MM – $420MM of EBITDA.
5% – 7% revenue growth and 23% – 27% EBITDA growth while expanding the 2012 EBITDA margin from 8.9% to a 2013 EBITDA margin of 10.5%.
Growth and tightening market for pipeline construction should generate more revenue at higher margins
The latest earnings report reflect all of these trends in the numbers. In black and white..no lies, no bluster. MTZ is the real deal.
Record First Quarter Revenue-an Increase of 24%, with 19% Organic, Non-acquisition Growth
Continuing Operations Adjusted EBITDA of $79 Million- an Increase of 61%
Continuing Operations Adjusted EBITDA Margin of 8.6%- a 190 Basis Points Improvement
Continuing Operations Adjusted Diluted EPS of $0.27 versus $0.14 Last Year- an Increase of 93%
2013 Continuing Operations Adjusted EBITDA Now Forecast at $425 Million
Revenue for the 2013 first quarter was $919 million compared to $738 million for the first quarter of 2012, an increase of 24%. The first quarter organic, or non-acquisition, revenue growth rate was 19% and was led by growth in oil and gas pipeline and facilities, electrical transmission and wireless construction.
First quarter 2013 continuing operations diluted earnings per share was $0.23 compared to $0.14 for the first quarter of 2012, an increase of 64%. First quarter 2013 continuing operations adjusted EBITDA margin was 8.6% compared to 6.7% last year.
For the second quarter of 2013, the Company expects revenue of approximately $950 million. Second quarter 2013 continuing operations EBITDA is estimated to be $103 million with continuing operations diluted earnings per share of approximately $0.42. Second quarter continuing operations EBITDA margin is currently estimated to be 10.8%. What a stud company.
Don’t say “No Mas!”…listen to what Jose Mas had to say:
Jose R. Mas, MasTec's Chief Executive Officer, commented, "MasTec had an excellent first quarter. We exceeded all of our estimates for revenue, EBITDA, net income and earnings per share. In summary, we had a record revenue, record EBITDA and a very strong start to the year. Revenue growth was broad-based, with growth across all of our segments with the exception of our renewable power generation business. We are fortunate to be in industries where demand for our services is high. We are experiencing increased opportunities across most of our segments, and our focus today is executing on those opportunities over both the short and long term. As a result, we are heavily investing in our business and gearing up for what we believe to be a very active and exciting future.
To recap, we are off to a great start. We've got strong backlog to support what we believe will be another record year of revenue and earnings. We're investing in our business for both short- and long-term growth. And quite frankly, we've never had the number or the quality of opportunities we are now enjoying.”
Regarding the oil and gas business, he said:
“I think the market is going to give us the opportunity to grow especially within that segment, in particular, a lot more than 10%. So can we grow the business 40%, 50% this year? The answer is maybe, right, depending on when projects get awarded, when projects start. Depending on how much we grow it next year off of that base will obviously depend on the kind of growth rates that we can experience in the future. But we're not building and making the investments that we're making for what we think will be a 10% growth business next year. But obviously, we think we can grow with it at strong double digits. Now overall as a company, the kind of guidance that we've given in the past is we think we can grow the business at an organic level at close to double digits. Some of those businesses will grow faster than others, and obviously between transmission, oil and gas pipeline and wireless, they're going to carry the growth of this business for the foreseeable future.”
Like Sugar Ray, I am going to throw a bolo punch at the stock market with my purchase of MTZ shares. I will be bringing so much money to my bank that they will say “No Mas! No Mas!”
I am HUGE!
$$$MR. MARKET$$$
Last edited by mrmarket; 06-26-2013 at 10:35 PM.
Comment