[Monksdream]

DY new 52 week high

[Monksdream]

DY new 52 hi

[Monksdream]

DY new 52 week high

[Monksdream]

DY new 52 week hi

[Monksdream]

DY new 52 week high

[bradford86]

Dycom
Dycom stock price chart
Dycom stock price chart (finviz)

Dycom is a pureplay telecom contractor. It's top 5 customers account for 2/3 of their total revenue. Dycom is forecasting $244M of EBITDA for 2022 and has a backlog of $5.5B, of which $2.9B is expected to be completed in the next 12 months. This puts Dycom's EV/EBITDA at around 11.7x. I think Dycom is worth $115+ and currently trades at $100. Dycom generated 21% organic revenue growth last quarter and industry tailwinds are starting to take root. AT&T is finally expanding their networks:

Dycom (DY), an installer of fiber-optic wiring, is expected to get a boost as AT&T (T) and other phone companies finally expand their fiber-optic broadband networks. In addition, new government subsidies will expand broadband networks in rural areas.

The company is repurchasing stock and is expecting to increase their margins moving forward despite inflation and a tight labor market.

Margin Expansion
Dycom expects that its margins will expand to north of 10% as the 5G rollout takes shape and the cycle gets underway. Dycom has a significant opportunity in rural utility moving forward as they undertake broadband initiatives. Dycom has been targeting longer-duration contracts where they can ensure that their labor costs are economical.

https://seekingalpha.com/article/4527107-5g-rollout-underway-qualtek-most-potential-upside

[bradford86]

https://seekingalpha.com/article/4527107-5g-rollout-underway-qualtek-most-potential-upside

[@LaughinPaulRyan]

... $50 - $60 ... $DY #LootWallStreet

[OldAIMGuy]

Here's how the DY holding has behaved with inventory management of shares
since Sept of 2019.


(Price/Share up 28.6% since the Start; Account value gain 50.5%; Cash Reserve up 195%)

Stock selection is important but I feel inventory management and risk
control is also. First came the completely unexpected decline related to
the Coronavirus outbreak. I'd set aside about 25% of total at the start
for downside averaging should the price decline first. That proved to be
fortuitous. I bought shares to exhaustion of cash during the decline.
That cash and the buying it allowed led to a 52% increase in total share count.

As the image shows, from the time the price bottomed out a year ago to
the first sale at the end of May, 2020 the value at risk grew a bit.
However, after that, the value at risk remained nearly constant and
share inventory was trimmed as the price/share continued to rise. The
last sale was at just over $100/share.

With a discount of around 30% from that last sale I added 12% more
shares back to the holding using some of the accumulated reserve of
cash. If DY continues to decline I can continue buying back inventory.
Should DY turn back upward and the cash proves to be not needed, I can
always take some of it and start something new as an investment.

Best regards,
OAG Tom

[OldAIMGuy]

I added 12% more shares to my DY position this AM. Overall, I'm not unhappy with the time I've owned DY. It's been mostly a selling experience into the price strength but now has let me add back some shares at a 30+% discount from my last Sell price.

OAG

[OldAIMGuy]

The price/share has finally dropped to where I'll start to rebuild my inventory. Today it raced from my "hold" range toward the "buy" target and beyond.



OAG

[@LaughinPaulRyan]

... we called it and are in position to benefit ... $DY #LootWallStreet

[OldAIMGuy]

Markets didn't like their lack of earnings for Q1. It was sporting a P/E of 65 so there wasn't much room for error.

A 15% trimming was maybe a bit over-done.

OAG

[@LaughinPaulRyan]

... TODAY STAT ... $DY

74.7303 ? -8.3197 (-10.02%)
Volume: 414,696

05/25/21 10:33:19 AM EDT
Day's Range - 73.1 - 78.5

[OldAIMGuy]

Nice Pop!
OAG Tom

[@LaughinPaulRyan]

... biting our nails ... $DY

[@LaughinPaulRyan]

... awaiting 33% discount ... $DY

[OldAIMGuy]

Hi PR,

I feel there was a bit of a disconnect between the quarterly news and the stock's price action. The Price/Share had been building at a reasonable pace for two months until yesterday. It looked a bit dramatic for a "sell on the news" type event.

For now the Price/Share is in my do nothing zone - not low enough to spend cash on more shares and now 20% below my next incremental sale target.

OAG Tom

[@LaughinPaulRyan]

Conference Call Information and Other Selected Data

The Company will host a conference call to discuss fiscal 2021 third quarter results on Tuesday, November 24, 2020 at 9:00 a.m. Eastern time. A live webcast of the conference call and related materials will be available on the Company's Investor Center website at https://ir.dycomind.com. Parties interested in participating via telephone should dial [phone] (United States) or [phone] (International) with the conference ID 1388665, ten minutes before the conference call begins. For those who cannot participate at the scheduled time, a replay of the live webcast and the related materials will be available at https://ir.dycomind.com until Thursday, December 24, 2020.

About Dycom Industries, Inc.

Dycom is a leading provider of specialty contracting services throughout the United States. These services include program management; planning; engineering and design; aerial, underground, and wireless construction; maintenance; and fulfillment services for telecommunications providers. Additionally, Dycom provides underground facility locating services for various utilities, including telecommunications providers, and other construction and maintenance services for electric and gas utilities.

[@LaughinPaulRyan]

Outlook

For the quarter ending January 30, 2021 (which includes an additional week of operations as a result of the Company's 52/53 week fiscal year), the Company expects modestly lower contract revenues with margins that range from in-line to modestly higher, as compared to the quarter ended January 25, 2020. The Company believes the impact of the COVID-19 pandemic on its operating results, cash flows and financial condition is uncertain, unpredictable and could affect its ability to achieve these expected financial results.

[@LaughinPaulRyan]

Year-to-Date Fiscal 2021 Highlights

Contract revenues of $2.449 billion for the nine months ended October 24, 2020, compared to $2.602 billion for the nine months ended October 26, 2019. Contract revenues for the nine months ended October 24, 2020 decreased 6.1% on an organic basis after excluding $8.9 million and $4.7 million in contract revenues from storm restoration services for the nine months ended October 24, 2020 and October 26, 2019, respectively.
Non-GAAP Adjusted EBITDA of $265.3 million, or 10.8% of contract revenues, for the nine months ended October 24, 2020, compared to $254.6 million, or 9.8% of contract revenues, for the nine months ended October 26, 2019. Non-GAAP Adjusted EBITDA for the nine months ended October 26, 2019 excludes $11.0 million of income before taxes reflecting the net benefit of a contract modification.
On a GAAP basis, net income was $38.5 million, or $1.20 per common share diluted, for the nine months ended October 24, 2020, compared to $68.4 million, or $2.15 per common share diluted, for the nine months ended October 26, 2019. Non-GAAP Adjusted Net Income was $83.7 million, or $2.61 per common share diluted, for the nine months ended October 24, 2020, compared to $72.4 million, or $2.28 per common share diluted, for the nine months ended October 26, 2019. Non-GAAP Adjusted Net Income for the nine months ended October 26, 2019 excludes net income of $7.3 million, or $0.23 per common share diluted, reflecting the after-tax net benefit of a contract modification.

Net income on a GAAP basis for the nine months ended October 24, 2020 includes a pre-tax goodwill impairment charge of $53.3 million recognized during the first quarter for a reporting unit that generated revenue of less than 4% of Dycom's consolidated revenue and did not incur losses in fiscal 2020.
During the nine months ended October 24, 2020, the Company purchased $401.7 million aggregate principal amount of Notes for $371.4 million, including interest and fees. As a result, net income on a GAAP basis for the nine months ended October 24, 2020 includes a pre-tax gain of approximately $12.0 million.

[@LaughinPaulRyan]

Third Quarter Fiscal 2021 Highlights

Contract revenues of $810.3 million for the quarter ended October 24, 2020, compared to $884.1 million for the quarter ended October 26, 2019. Contract revenues decreased 9.4% on an organic basis after excluding $8.9 million in contract revenues from storm restoration services for the quarter ended October 24, 2020.
Non-GAAP Adjusted EBITDA of $92.8 million, or 11.5% of contract revenues, for the quarter ended October 24, 2020, compared to $91.7 million, or 10.4% of contract revenues, for the quarter ended October 26, 2019.
On a GAAP basis, net income was $33.9 million, or $1.05 per common share diluted, for the quarter ended October 24, 2020, compared to $24.2 million, or $0.76 per common share diluted, for the quarter ended October 26, 2019. Non-GAAP Adjusted Net Income was $34.4 million, or $1.06 per common share diluted, for the quarter ended October 24, 2020, compared to $28.1 million, or $0.88 per common share diluted for the quarter ended October 26, 2019.
Notional net debt was reduced by $110.1 million during the quarter. As of October 24, 2020, the Company had cash and equivalents of $12.0 million, borrowings on its revolving line of credit of $85.0 million, $427.5 million of term loans outstanding and $58.3 million aggregate principal amount of 0.75% convertible senior notes due September 2021 (the "Notes") outstanding.

[OldAIMGuy]

I let another 10% of the shares go today at $65.65. Share price has been rising along with portfolio value. Cash reserve is now 33% of holding total value (shares plus cash) which gives some comfort during peculiar market times.



Best wishes,
OAG Tom

[OldAIMGuy]

Another 5% of shares out the door. Nice run here.



Best run yet in the short time I've owned it. Today's price is a new 52 week high for the stock. 5G is coming and DY should benefit from the roll out.

OAG Tom

[OldAIMGuy]

Hi W, Re: DY price/share run.....

The price is rising fast enough I have added my next GTC Limit for sale of an additional 10% of my position.

OAG

[OldAIMGuy]

Hi W, R: DY's rising price/share..............

Yesterday's rise took the price/share to a sell trigger for my holding. The next one is roughly 10% higher than the last - and it got nearly half way there by the Close.

Here's my brief history with DY. G5 build-out will start to show up for them as revenues and maybe bottom line profits.



OAG Tom

[whytestocks]

JUST IN: $DY Dycom Industries, Inc. Announces Fiscal 2021 Second Quarter Results

PALM BEACH GARDENS, Fla. , Aug. 26, 2020 /PRNewswire/ -- Dycom Industries, Inc. (NYSE: DY) announced today its results for the second quarter and six months ended July 25, 2020. Second Quarter Fiscal 2021 Highlights Contract revenues of $823.9 million...

Got this from DY - Dycom Industries, Inc. Announces Fiscal 2021 Second Quarter Results

[OldAIMGuy]

I let 10% of my DY shares go this AM on a GTC Limit order at $50.62. It's not exactly been a "straight up" type of investment for me. I made my initial purchase just slightly higher than today's price and then averaged down three times before DY finally started to recover. This is the second sale since the bottoming.

Best wishes,
OAG Tom

[jgrabar]

Hi Tom and Friends,

Several firms are investigating Dycom Industries, Inc. (DY) on behalf of the Company's stockholders.

In essence a shareholder complaint was that was filed in federal court on behalf of investors who purchased shares of the Company's stock between November 20, 2017 and August 10, 2018 has survived a motion to dismiss. According to the complaint, during that time period Dycom and certain executive officers issued a series of false and misleading statements to investors, and failed to disclose that certain top customers had "cancelled millions of dollars' worth of contracts," which cost Dycom "millions of dollars in lost revenue and critical business relationships with key customers and permitting authorities."

Firms are now investigating whether members of Dycom's board of directors breached their fiduciary duties in connection with this alleged misconduct.

Current Dycom stockholders who purchased shares of the Company's stock prior to November 20, 2017 would have standing to participate, including seeking return of funds back to the company coffers and a court approved incentive award if appropriate.

[OldAIMGuy]

Hi J, Re: DY projections...............

Value Line seems to think it could be a $60 to $90 share price in the coming 3-5 years. Much of that future depends upon contracts for build-out of the coming 5G network.

For me, I've build my core position and will trade around it for interim profits if the price starts to stabilize here.

OAG Tom

[OldAIMGuy]

I made my first purchase in Sept, 2019 @ $53.63 so am a relative newcomer to DY.
Since then I've added shares three times. $43.36, $33.06 and finally $25.53. So now I have over 50% more shares than when I started last year.

Best regards,
OAG Tom

[jgrabar]

Anyone on this board held Dycom since 2017?

Stay safe,

Josh

[OldAIMGuy]

I added more DY to my position this week. 5G build-out may be slowed, but will still occur.

OAG

[OldAIMGuy]

DY reported a small quarterly loss vs a slight profit expected. That may help explain the 27% drop in price in one day.

OAG

[OldAIMGuy]

Dy was slammed today as expectations for the 5G roll-out seems to be expecting delays (black swan virus?).

I took a chance and added 25% to my position at $33.07. The big drop in price reduced the P/E to something around 18 and the Price/Book to under 1.2.

OAG

[OldAIMGuy]

This AM at the Open a GTC limit order I had in place added 12% to my DY holding. Paid $43.36 or about $0.50 less than my limit price.

[OldAIMGuy]

DY reports better than expected earnings and revenues for this quarter:

https://finance.yahoo.com/news/dycom-industries-dy-q3-earnings-123012532.html

Price is moving upward by about 9% on the news.

Value Line sees DY being a benefactor of the 5G build-out over the next few years. They give it a 3-5 year potential price range of $100 to $150 (23% to 37% annualized).

OAG

[OldAIMGuy]

Mid September I added DY to my holdings. Unfortunately that was at a price about 10% higher than it is today. It never quite dipped enough for me to add more shares to the holding so I'll stick for now with what I have.

It's nice to see it responding favorably today to the "trade wars" news. It's currently up more than 5% on the day.

Tom

[whytestocks]

Article: $DY Dycom Industries, Inc. Announces Fiscal 2020 Second Quarter Results And Provides Guidance For The Next Fiscal Quarter

PALM BEACH GARDENS, Fla. , Aug. 28, 2019 /PRNewswire/ -- Dycom Industries, Inc. (NYSE: DY) announced today its results for the second quarter and six months ended July 27, 2019. The Company reported: Contract revenues of $884.2 million for the quarter ended July 27...

Read the whole news Dycom Industries, Inc. Announces Fiscal 2020 Second Quarter Results And Provides Guidance For The Next Fiscal Quarter

[whytestocks]

News: $DY Dycom Industries, Inc. Announces Fiscal 2020 First Quarter Results And Provides Guidance For The Next Fiscal Quarter

PALM BEACH GARDENS, Fla. , May 21, 2019 /PRNewswire/ -- Dycom Industries, Inc. (NYSE: DY) announced today its results for the first quarter ended April 27, 2019. The Company reported: Contract revenues of $833.7 million for the quarter ended April 27, 2019, com...

Find out more https://marketwirenews.com/news-releases/dycom-industries-inc-announces-fiscal-2020-first-quarter-results-and-provides-guidance-for-the-next-fiscal-quarter-8220918.html