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After hitting a high of 110 DY hit a bump when it gave sales guidance lower for its next quarter. The share price dropped 20%. The lower guidance may be due to a delay in a project or projects. DY has a concentrated customer base with nearly 80% of its business coming from 5 customers. A delay in a project for any of these large customers has a big impact. Even with this lower guidance DY has a project backlog of over $5 billion.
With the drawback the current price is only about 10% higher than when I originally posted about DY. The fundamentals have not really changed since then so this pullback may be an opportunity to take a position at a lower price.
Attached are an SSG ITK file and a PDF version of a DY SSG done 7/12/17.
 DY-RAM-2017713.ITK (5kb) downloaded 1 time(s). DY2017-07.pdf (46kb) downloaded 3 time(s).
Russell Malley
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