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MasTec: Don't Forget About This Small-Cap Company
March 2, 2020
- MasTec reported better-than-expected Q4 2019 earnings and management guided for a strong fiscal 2020.
- This company is properly positioned to benefit from several industry tailwinds, which makes MasTec's stock worthy of at least a Hold during the broader market turmoil.
- MasTec is a long-term buy at today's price.
MasTec ($MTZ) recently reported better-than-expected Q4 2019 earnings and management provided strong full-year 2020 guidance. However, the company's solid operating results and impressive forward guidance did not have a positive impact on the stock, as MTZ shares actually finished the trading day down over 6%. On a YTD basis, MasTec's stock is down big and is significantly underperforming the broader market.
I believe that the significant pullback in MTZ shares has created a great long-term (let me stress long-term) buying opportunity because this company continues to produce strong operating results and, in my opinion, it has promising business prospects in several key industries.