Professional
Added to YB: 2025-02-21
Pitch date: 2025-02-19
DY [bearish]
Dycom Industries, Inc.
-89.73%
current return
Author Info
Spruce Point Capital Management is an activist investment manager specializing in forensic short-selling. Sign up for the newsletter.
Company Info
Dycom Industries, Inc. provides specialty contracting services to the telecommunications infrastructure and utility industries in the United States.
Market Cap
$10.3B
Pitch Price
$182.25
Price Target
78.50 (-77%)
Dividend
N/A
EV/EBITDA
15.23
P/E
35.06
EV/Sales
2.17
Sector
Construction and Engineering
Category
N/A
Spruce Point Capital Management Issues 'Strong Sell' Research Opinion On Dycom Industries, Inc. (NYSE: DY)
DY short: Telecom contractor faces customer consolidation, weak wireless positioning, questionable Frontier dealings, rising DSOs, aggressive accounting tactics. CAO & board concerns. Trades at unwarranted premium (1.1x 2025E EV/S, 31x P/E) vs peers. 35-55% downside risk ($78.50-$113.50/share).
Read full article (6 min)