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

4Q23: In Line Quarter — Fiber Targets, Horizon Deal Remain on Track

Founder, BWS Financial Inc

Hamed Khorsand

Founder

Equity Bottom-Up

Shenandoah Telecommunications Company / Equity Bottom-Up

Shenandoah Telecommunications Company (SHEN US)

<ul>
<li>SHEN added a record number of Glo Fiber subscribers in the first quarter as growing number of markets served begins to run through the subscriber and revenue figures</li>
<li>SHEN’s ability to add over 5,000 Glo Fiber customers in Q1 sets our expectations for approximately 5,500 in Q3 when net adds are seasonally the highest of the year</li>
<li>Our timing to flip to a Buy after four years of negative bias has been anything but perfect. Our focus is on SHEN’s growth rate as Glo Fiber customers rise.</li>
</ul>


SHEN added a record number of Glo Fiber subscribers in the first quarter as growing number of markets served begins to run through the subscriber and revenue figures
SHEN’s ability to add over 5,000 Glo Fiber customers in Q1 sets our expectations for approximately 5,500 in Q3 when net adds are seasonally the highest of the year
Our timing to flip to a Buy after four years of negative bias has been anything but perfect. Our focus is on SHEN’s growth rate as Glo Fiber customers rise.


Shenandoah Telecommunications Company

SHEN: Glo-Ing Adds