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MasTec: The Beat (And Raise) Goes On

August 16, 2019

Summary:

- MasTec recently reported Q2 2019 results that beat the top- and bottom-line estimates. Additionally, management raised their full-year 2019 guidance.

- This company is in a position to benefit from several major industry trends/tailwinds, which makes it well-positioned for 2019 and beyond.

- I plan to stay long MTZ shares for the foreseeable future.

 

On August 1, 2019, MasTec ($MTZ) reported better-than-expected Q2 2019 results and management [again] raised their full-year guidance. As you can expect, the results were well-received by the market which added to the already impressive stock performance for MTZ so far in 2019.

 

As I recently described, there have been legitimate reasons to stay long MasTec, and, in my opinion, the Q2 2019 results (and management's commentary) support the thought that this small-cap infrastructure company still has promising business prospects.

 

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