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Mason Hawkins' Southeastern Asset Management on Undervalued European Stock Ferrovial

May 23, 2012 | About:
Holly LaFon

Holly LaFon

249 followers
Summary: Ferrovial (FER) is located in Spain and a member of the IBEX 35, the worst performing stock index for 2012. It is being misperceived as a highly leveraged Spanish construction company. However, only 5% of the total value of Ferrovial is derived from Spanish construction. The company is net cash and it has very valuable assets not located in Spain or the eurozone.

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