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: 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 reported a narrower than expected operating loss for the second quarter as revenue increased from first quarter levels. </li>
<li>SHEN has started to see an increase in the number of Glo Fiber subscribers as the Company ramps up its fiber buildout</li>
<li>SHEN drew on its credit facility in July and expects to draw additional capital before the end of the year. The return of leverage could lead to a lower valuation.</li>
</ul>


SHEN reported a narrower than expected operating loss for the second quarter as revenue increased from first quarter levels. 
SHEN has started to see an increase in the number of Glo Fiber subscribers as the Company ramps up its fiber buildout
SHEN drew on its credit facility in July and expects to draw additional capital before the end of the year. The return of leverage could lead to a lower valuation.


Shenandoah Telecommunications Company

SHEN: Return of Debt