Q: Hi,
Does Zedcor's mid year update/guidance released today meet your expectations? Any concerns or surprises you see in the update?
I purchased it a few weeks prior to your Best Stock Ideas inclusion so the vote of confidence is reassuring. ;)
(Bruce Campbell (Stonecastle) and DKAM also rank it highly).
Cheers,
Steve
Does Zedcor's mid year update/guidance released today meet your expectations? Any concerns or surprises you see in the update?
I purchased it a few weeks prior to your Best Stock Ideas inclusion so the vote of confidence is reassuring. ;)
(Bruce Campbell (Stonecastle) and DKAM also rank it highly).
Cheers,
Steve
5i Research Answer:
Yes it is a good update. Though financial numbers were not provided, the growth in towers and utilization rates are solid. The confirmation of year end towers of 2,500 is positive, as is the plan for 1,800+ more next year. Production facilities also seem to be operating at high efficiency. With the stock already up 250% in the past year it is unclear if shareholders will react, but it was a good update in our view.