Steven Scruggs Comments on MasTec

Guru stock highlight

Aug 17, 2022

Summary

A top detractor.

MasTec, Inc. (MTZ, Financial) is a specialty engineering and construction firm that builds and services oil & gaspipelines, telecom, renewable energy, and electric utility infrastructure. Founder operators Jorge and Jose Mas own 20% of the company and have done a great job growing the company by rolling up smaller competitors at attractive prices.⁸ Share price performance over the last year suffered due to overly optimistic expectations for federal infrastructure stimulus.

From Steven Scruggs (Trades, Portfolio)' FPA Queens Road Small Cap Value Fund second-quarter 2022 letter.

Disclosures

I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours. Click for the complete disclosure

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