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Steven Scruggs Comments on MasTec

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Nov 17, 2021
Summary
  • A top detractor.
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MasTec (

MTZ, Financial) gave back some of the strong gains made during the first half of the year during the third Earlier in the year, the infrastructure construction company rallied in part due to the proposed infrastructure bill being negotiated in Congress. As the size of the bill was reduced, the stock gave back some of those gains. On a fundamental basis, the company continued its long record of consistent, profitable growth. The company remains a top 10 holding in the portfolio.

From

Steven Scruggs (Trades, Portfolio)' FPA Queens Road Small Cap Value Fund third-quarter 2021 letter.

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