BWS Financial Inc

BWS provides independent stock specific research focused on companies with distinct value that are going through a special situation where there is a tangible catalyst not priced in. The catalyst can be anything from new product, restructuring, M&A, management change, change in business strategy, etc. BWS’s focus is to understand the change and evaluate the potential return for investors.

BWS utilizes a self formed proprietary approach in discovering stocks by putting great emphasis on deep research. BWS does generate short recommendations following a similar criteria.

Independent Stock Specific Research

ADEA: Free Cash Flowing to Debt Reduction

Founder, BWS Financial Inc

Hamed Khorsand

Founder

Equity Bottom-Up

<ul>
<li>ADEA revised its full year outlook after electing to sue long-time customer Shaw Communications for breach of contract</li>
<li>Shaw was acquired by Rogers Communications (RCI). ADEA claims Shaw is no longer paying ADEA even though the two companies had signed a license renewal in 2019</li>
<li>We are reducing our 2023 revenue forecast to approximately $387.7 million with operating income of $250.8 million</li>
</ul>


ADEA revised its full year outlook after electing to sue long-time customer Shaw Communications for breach of contract
Shaw was acquired by Rogers Communications (RCI). ADEA claims Shaw is no longer paying ADEA even though the two companies had signed a license renewal in 2019
We are reducing our 2023 revenue forecast to approximately $387.7 million with operating income of $250.8 million


Adeia

ADEA: Adjusting to Customer Dispute