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

Founder, BWS Financial Inc

Hamed Khorsand

Founder

Equity Bottom-Up

Shenandoah Telecommunications Company / Equity Bottom-Up

Shenandoah Telecommunications Company (SHEN US)

<ul>
<li>SHEN faces near-term headwinds in its business, coupled with the need to draw on its credit line to support growth, that could result in a lower near-term stock price</li>
<li>SHEN reported fourth quarter results with a balance sheet that no longer carries the cash destined for tax and dividend payments related to its wireless business sale.</li>
<li>SHEN disclosed its auditors advised the Company to changes in its accounting practice concerning expenses for repairing installed fiber lines results in lower profitability</li>
</ul>


SHEN faces near-term headwinds in its business, coupled with the need to draw on its credit line to support growth, that could result in a lower near-term stock price
SHEN reported fourth quarter results with a balance sheet that no longer carries the cash destined for tax and dividend payments related to its wireless business sale.
SHEN disclosed its auditors advised the Company to changes in its accounting practice concerning expenses for repairing installed fiber lines results in lower profitability


SHEN: Overvalued for Near-Term Headwinds, Sell