Mason Hawkins' Southeastern Asset Management on Undervalued European Stock Ferrovial

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May 23, 2012
Summary: Ferrovial (FER, Financial) 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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