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

SHEN: Calling to Sidelines, Neutral Rating

SHEN: Overvalued for Near-Term Headwinds, Sell

Founder, BWS Financial Inc

Hamed Khorsand

Founder

Equity Bottom-Up

Shenandoah Telecommunications Company / Equity Bottom-Up

Shenandoah Telecommunications Company (SHEN US)

<ul>
<li>SHEN is progressing with its fiber buildout under the Glo Fiber brand, but net losses are mounting. SHEN reported a quarterly net loss for the third straight quarter </li>
<li>SHEN also announced the sale of wireless spectrum related to its fixed wireless business, Beam. The cash proceeds are expected to help fund the fiber build out at Glo Fiber</li>
<li>The continued net losses are likely to compress SHEN’s valuation multiple, especially with the debt balance expected to rise in coming quarters</li>
</ul>


SHEN is progressing with its fiber buildout under the Glo Fiber brand, but net losses are mounting. SHEN reported a quarterly net loss for the third straight quarter 
SHEN also announced the sale of wireless spectrum related to its fixed wireless business, Beam. The cash proceeds are expected to help fund the fiber build out at Glo Fiber
The continued net losses are likely to compress SHEN’s valuation multiple, especially with the debt balance expected to rise in coming quarters


Shenandoah Telecommunications Company

SHEN: Levering for Growth, PT to $15